Zig’s Place Chat Room Discussion and News Friday 12-18-20

Zig’s Place Chat Room Discussion and News Friday 12-18-20

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here.

Xyz    Central Bank: We are ready to launch a package of measures to achieve balance in the exchange rate

[Baghdad-Where]  Central Bank Governor Mustafa Ghaleb Makheif announced today, Thursday, that the bank is ready to launch a package of measures that will achieve a comfortable balance in the exchange rate.

The Media Department of the House of Representatives said in a statement, that "the Finance Committee hosted today, Thursday, the Governor of the Central Bank, Mustafa Ghaleb, frightening, to discuss the economic crisis and the implications of the high exchange rate of hard currency on the Iraqi market situation."

She added, "The committee focused during the hosting, which was held at its headquarters, on ways to confront the negative repercussions of increasing the exchange rate on citizens, particularly the vulnerable and poor classes, as well as the measures that the Central Bank will follow towards banking companies to deter the weak people from exploiting this situation."

She pointed out that "the committee called on the government to carry out rapid reforms to protect the vulnerable classes and those covered by the social care network and workers in the private sector, confront inflation and provide the necessary foodstuffs through the ration card."

According to the statement, Central Bank Governor Mustafa Ghaleb Makheif provided an explanation regarding the reasons for the high exchange rate, stressing that “the bank is preparing to launch a package of measures that will achieve a comfortable balance in the exchange rate for 2021, such as launching an initiative of 3 trillion to support low-income people, and doubling Providing hard currency in the market, and increasing interest rates on the Iraqi currency deposited in banks     https://me3cqzp54k2jl4s233nr6undya--www-alliraqnews-com.translate.goog/modules/news/article.php?storyid=105311

Spectra   Just facing a new day is very hard for many considering all that is going on.

Zig   We can agree about that...many are suffering

Spectra  yes

Spectra  They destroyed many lives. People lost their job because of their policies and business owned by many families will never come back.

Spectra  Chinese people are living like normal.? Why then are we not?

Spectra  Why are we allowed to go to walmart ?When this is so dangerous?

Zig  No matter what your politics are, etc....innocent people get caught in the middle and pay a steep price when our so-called "leaders" have their priorities all screwed up and can not compromise....IMO....

Xyz   Parliamentarian: We will not pass the 2021 budget in its current version

13:40 - 12/18/2020  The information / Baghdad ... On Friday, Representative Mansour Al-Baiji announced that the House of Representatives rejected the leaked version of the Iraqi budget for next year, indicating that it includes catastrophic points, injustice and prejudice that will lead to great harm to all the Iraqi people, and this matter cannot be accepted completely.

Al-Baiji said in a statement that the information received, a copy of it, that “it would have been better for the government to take more serious reform steps through its support for the industry, agriculture and trade sectors to supplement the budget, not to go to cutting the people's livelihood and raising the value of the dollar against the dinar, which would cause an economic disaster for the country.“

He added, "If the budget law is sent in its leaked form, we will not pass it through the House of Representatives, and we will not be a reason to punish our people in this disastrous way under the name of reforming the economy or any other name because this matter is considered destruction for our people."

He pointed out, “The current situation in the country does not bear such measures, especially since our people are waiting for a lot from the government in the next year's budget, such as the release of job grades and the salaries of free lecturers, the return of their contracts, and the confirmation of contracts, not for the government to cut salaries and other things that will lead to the collapse of the general situation in the country.

Consequently, the government must review itself and take more serious actions, especially in the next year's budget, before sending it to Parliament in its leaked form, because we will not pass the next year's budget in this format, and we will not stand against our people, whatever the reason.” https://www.almaalomah.com/2020/12/18/510760/

 xyz  Qubad Talabani: We will not return from Baghdad without an agreement

Baghdad / Vice President of the Kurdistan Regional Government, Qubad Talabani, head of the Kurdish negotiating delegation, expressed his optimism for reaching an agreement with the federal government on the financial dues for the region.

"The problems are many and not only the issue of the fiscal deficit and salaries law, and some of them are due to the constitutional reading in Parliament, as well as the preparations for early elections," the Patriotic Union of Kurdistan website quoted Talabani as saying.

He added, "There is an unhealthy political atmosphere in Baghdad, as well as political pressures on all sides, so the process of dialogue with the federal government to solve all problems is not easy, but we are optimistic about reaching an agreement and we will not return from Baghdad without an agreement."

Talabani expressed his readiness to implement the fiscal deficit law in Iraq and hand over oil and non-oil revenues, in exchange for fixing the Kurdistan region’s share in the borrowing law. https://ninanews.com/Website/News/Details?key=876996

butterfly   https://www.kurdistan24.net/en/news/11cb8b68-9317-49ba-b73b-9d88d0ca16f3 This is the latest payment from Iraq to Kuwait and that was back in 2019.

butterfly  The repayment percentage increased from 0.5 percent in 2018 to 1.5 in 2019. The amount will increase to three percent at the beginning of 2020 and remain at that level until the outstanding compensation amount has been paid in full, the UNCC said in a statement.

So far, Iraq had paid $48.7 billion to Kuwait, and $3.7 billion is left to complete the process, according to the UNCC.

butterfly  There is still 3.7 BILLION to be paid off before Iraq will do anything.

butterfly  The way things are going in the world, it will be sometime before all of that is complete.

butterfly   https://shafaq.com/en/Economy/Iraqi-government-tends-to-raise-the-Dollar-s-exchange-rate-against-the-dinar Shafaq News / A member of the Parliamentary Finance Committee confirmed the government's intention to raise the exchange rate of the Dollar.

The owners of banking offices attributed the recent rise in the Dollar's exchange rate to the increase in demand for it by citizens, after rumors of the government's intention to raise its price.

MP Jamal Kocher said in an interview with Shafaq News agency, "I think that there is a government tendency to create an atmosphere for raising the dollar exchange rate more than it was in previous budgets, to reach approximately 130 thousand dinars for every 100 dollars," indicating that this step will affect the citizens and their salaries.

Kocher added, "The government's approach to reducing the deficit within the budget for next year boils down to four main steps, the first is to raise the exchange rate of the Dollar against the dinar, raise the price of the oil barrel to more than $ 42, which was previously announced by the Minister of Oil, implementing the reform paper into texts within the budget law, and finally, pressure expenditures and go to major expenditures only.

"The government must take these steps. Otherwise, there will be a huge deficit," he said.

Zig   I will be posting in a couple of hours about another way to request membership here....via email....we'll see how it goes....

NORV   1450 to $1 this Sunday is a loss of about $200 loss per million

NORV   Have good weekend. Im going skiing.

Zig   NORV : How is Enorrste doing?  

NORV   Zig great had a nice visit with them last week and had wonderful steaks. He like me is disappointed in Iraq's inability to get anything done but we had a great time chatting

Zig   NORV : That's good...

Xyz   Parliamentary Finance talks about measures regarding the dollar's price and salary deductions https://me3cqzp54k2jl4s233nr6undya--www-alliraqnews-com.translate.goog/modules/news/article.php?storyid=105324

The Parliamentary Finance Committee said, Friday, that "the central bank will take measures regarding the exchange rate of the dinar."

She stressed that "the government is responsible for the high price of the dollar, not the central bank," noting that "the budget leak has an impact on the market situation and on the citizen."

"The employee's salaries cannot be deducted twice, the first by raising the dollar exchange rate and the second from the allocations," she said.

Yesterday, the media published a leaked draft of the General Budget Law for 2021, which included deductions for employees' salaries

NORV   Finance Minister: The former dollar exchange rate distorted and damaged the economy

18/12/2020  Economy News – Baghdad   The Minister of Finance, Ali Allawi, announced that the dollar exchange rate of 1182 dinars per dollar distorted and damaged the Iraqi economy, indicating that next year's budget will impose new taxes.

Allawi said in a statement on the 2021 budget seen by "Al-Eqtisad News", that the 2021 budget adopted an exchange rate of 1450 dinars per dollar, because the previously approved exchange rate of 1182 dinars per dollar is distorted and does not reflect the actual reality, stressing that the previous exchange rate hurt the Iraqi economy As a result, the goods are being paid from neighboring countries, which has negatively affected the local product.

He pointed out that the appropriate level of the exchange rate is a confusing question, but the Ministry of Finance believes that for multiple reasons, and after study and analysis, the exchange rate at the present time is 1450 dinars to one dollar, despite our belief that the floating and controlled exchange rate is better, but the best solution at the present time is the price.

NORV  More....  https://economy-news.net/content.php?id=23193

Dave  yawn......

NORV  Finance believes that for multiple reasons, and after study and analysis, the exchange rate at the present time is 1450 dinars to one dollar, despite our belief that the floating and controlled exchange rate is better, but the best solution at the present time is the price.

Zig   https://economy-news.net/content.php?id=23193

NORV  They will float! just not now

NORV  :Pool:  float

Zig  GO FLOAT!!!!!

Dave  lloks like fun ....enjoy!

NORV  I will get redemption!

Dave  does this stuff get posted in Recaps still?

NORV   Where is guru Frank26 and Delta?

Dave looking for you?

Zig  Dave : If a lot of news articles get posted there is a greater chance of it getting copied to Recaps.....

Dave   have to mix it in

Dave   cleverly......

NORV   ok back to to my yacht!   :Yacht:

NORV   Maybe someday I will publish my book telling the truth of what is happening with Iraq.

NORV   People need to realize this is a countries currency, not a lottery ticket.

Dave  NORV you seemed to have determined date and rate

NORV  Dave sure

NORV  Let's have a party!

NORV :Wino:

Dave  on your .000082 cents?

Dave  sure

NORV  They could LOP and make it 82 cents!

NORV  Maybe next year Iraq will decide to create the condition for a private sector

NORV  :Pool:  float

Dave  CBI struggling to get people to the banks....trying harder

Zig  Dave : I should know your questions by now....you have asked them 100 times....lol

Zig  1000 fils for a coke....LOL

Dave each coin would cost ten or more cents to mint......times 1000 ....lol

Dave   lds 6=8 cents each

Zig   All we can do is wait

Zig   As most of you reading this know by now  here has been only by "Invitation" lately....and our members are encouraged to invite others...however, I realize some readers out there may want to participate but have no way of obtaining an invitation....so I am going to try something which I have briefly tried before:

Giving you another way to become a member here and be able to post....Here it is: First please register: Click on "name" at the left side of the "message box" below and type your desired username....Next click on arrow at top right in box or hit enter....pick a password, etc....That is step one......

Step Two: Send me an email at ZigPlace@protonmail.com saying you have registered and what name....I will activate you and post in chat when I have done so....also will email you....after you know that you may log in and post....Log in the same way you registered.....click into message box to post....type then hit enter or click arrow at bottom right.....

That's it....May take a while for me to activate you as I do not use that email often....Whether or not this remains an option will depend on a couple of things....  :)

Zig   I am far from stupid and realize what may happen....lol....I do not use nor need that email....any trouble I will just delete that email address....no big deal for me....that is all I will say.....just experimenting..... :Roll eyes:

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE   You can make the box much bigger by clicking this link  ZIGPLACE - Cbox

Zig’s Place Chat Room Discussion and News Thursday 12-10-20

Zig’s Place Chat Room Discussion and News Thursday 12-10-20

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here.

Xyz   Parliamentary Finance calls on the government to finalize the amendments to the budget and send it to Parliament

Magda Al-Tamimi, a member of the Parliamentary Finance Committee, called on the Council of Ministers to intensify its sessions to end the amendments to the budget for next year and send it to the House of Representatives.

Al-Tamimi confirmed in press statements that there are many applications for appointment from graduates, and that creating job opportunities requires a review of the next year's budget by including the reform packages proposed by Parliament and the government that would enhance the ability to create job opportunities and revitalize the economy, indicating that the House of Representatives He closely monitors the outcome of the meetings, with the aim of gaining time and sending the budget to vote before the end of the year.    LINK

Professor Dinard   xyz my favorite conspiracy theory is that the CBI will delete 3 zeros and make everyone rich. But that's just iraQanon nonsense

Sheila   Professor Dinard maybe between Dec 14 thru Dec 21?

Professor Dinard  sheila are you talking about the RV?

Professor Dinard  Ahh I kind of agree with kap so no comment. I'm already attacked for my views enough as it is

Zig  Professor Dinard : You seem to have thick skin and are not rattled easily...

Professor Dinard   Zig its cause idgaf and I'm chill cause of that sweet savory flavortown oregano   : Bong:

Clydesdale  Zig, I've seen you question how long people have been in this if they did not know XXXXX. Twice recently on recaps I have seen you make a reference to Mountain Goat and you not knowing she had a CBI contact. (no idea why you would raise that issue again since you should have learned it last week when you also commented about it and it was posted on recaps). Don't know if you were being condescending or attempting to be funny about a "trustworthy goat" but either way, she has been referencing a CBI contact for years so hopefully you are in the know now  :) Personally I think she has been pretty faithful all these years and her info has been free, unlike most of the other gurus

Dave   My CBI contact states otherwise.......

Dave  Kap,,,,,,where are you?

EYEGUY  Dave really RV soooooon

Dave  Wonder if CBI realizes that they have had a Mole for yrs announcing a RV?

Dave  EYEGUY every yr for over a decade.......at the end of each fiscal yr......same announcement...RV soon......

Clydesdale  First word in Okies vocabulary........soon

Dave  Clydesdale Iraq cant pay salaries has yet no reliable electricity .still under Ch7 sanctions has no private banking laws to protect foreign investments....No cash from from that Kuwati Donors conference.....fewer than 30% of Iraqis have bank accounts......RV soooon......

Clydesdale   Dave I don't know why you directed that at me, I never have called anything much less indicated "soon" so you can take me off your radar. I'll only believe it when I see it.

Dave  hehe......I AGREE!!!

Dave  Gurus are for people that require to be led?

Clydesdale  Dave Exactly, not too many people left in this country.... or yours, much less in dinarland that don't need to be spoonfed. LOL

Dave   about 12 yrs now.......hopium fun......hope i am wrong!!!!!

Clydesdale  11 for me

Dave   recent chatter has been encouraging

Dave  Iraq needs to walk the talk already........getting older by the second

Dave   have alot of seconds behind me

Clydesdale   Dave It has been but........ believe it when you see it. :Popcorn: We have certainly been down this road before as you eluded to earlier. I agree this is more of a fever pitch than ever before but may just be gurus trying to play their year end sales pitch.

Dave  I here we are getting a huge sun flare today....could affect power and internet   Northern lights to be spectacular..

NORV   There is no RV. All nonsense.   :Pool: FLOAT

Zig   NORV : @Kap I'm gonna change your name to  KILLJOY

Clydesdale   Why does NORV spend so much time on something he does not believe in? That would be like me going to church every Sunday and then ranting day in and day out that I don't believe in God.

NORV   Change it to fact!

NORV   Iraq will never significantly RV the dinar. It goes against all principals of monetary policy not to mention they could never afford it.

NORV   Iraq has over 40 trillion dinar outside the banking system in Iraq. A RV at 1 to $1 for example would put Iraq's debt at over 40 trillion dollars. lol That is over 2x the entire wealth of Iraq including oil and minerals in the ground.

NORV   Iraq's total wealth is 16 trillion dollars.

NORV   Iraq needs to create a private sector/market economy to support the economy. Without it they will go broke. As stated by the IMF several years ago..the plan is to float the dinar to counter inflation created by significant investment. Until that happens the dinar will remain the same

NORV   Zig floating the dinar is probably a year or two away

NORV   they need to pass laws to create a suitable investment climate for investors

NORV  until that happens, nobody is coming to Iraq and they will continue to struggle.

Zig  I hate to admit it but @NORV does make sense.....lol

NORV  And with the new CBI governor letting the spread fall to over 6% they are not in compliance with the IMF 2% or less spread. requirement

Xyz   NORV then take 2 yrs vacation and leaves us the naive alone  GO RV

NORV   Of course it makes sense. Because this is how it works.

Clydesdale  So all the articles that the gubooers are showing are just bunk?

NORV  Clydesdale what articles?

Zig  I can wait...what the heck...I can bug @Z for 2 more years easily.....LOL

NORV  I have offered for years to give anyone who can show me how they can RV a free pizza. Nobody does lol

Clydesdale  Not a day goes by that there are not articles linked on the dinar websites indicating the Iragis are ready to take action on the rate.....are they all just made up?

NORV  Clydesdale lol they want to devalue!

Zig  Two more years and we will be rich :Happier:

NORV  devalue will save the Iraqi government millions of dollars

Clydesdale  NORV Maybe ones that could show you think it's worth more than a pizza. LOL

NORV  Let me ask you this...  If you were broke. had no money. could you go buy a new house?

NORV  Of course you couldn’t   same for Iraq...they are broke. No money. They can never RV

Clydesdale  Yes, because loans are given to people who can qualify for a discover card nowadays.......that's what happened to the economy in 2008 and getting ready to happen again once all this forbearance runs out.

NORV what is amazing to me is why so many want me to defend the fact there is no RV. Yet let the guru BSer's off the hook believing that nonsense.

NORV Clydesdale Iraq is out of loans

Dave NORV I agree with most you state,,,,,,save FLOAT.....Wheel barrows instead of wallets post delete 3 zeros and Lds......?Can you answer that?

NORV with over 40 trillion dinar in mattresses, they could never afford it

NORV  Dave Dave i would answer if you ever made sense

Clydesdale  I don't let a single one off the hook. I don't believe one of them....they are making money by spreading sunshine and playing those that are hooked on hopium

Dave  1000 fils for a coke?

NORV  Some officials want to LOP the dinar. which is a neutral event. I do not believe they could ever get permission to do that.

Professor Dinard  Rv would have to reflect buying power of dinar and there is little buying power with dinar

NORV  A LOP would require parliament approval and I do not see parliament approving such

Dave  Professor Dinard CBi states INCREASE PURCHASING POWER!

NORV  Professor Dinard You cannot RV with 40 trillion dinar outside of the banking system in Iraq. What part of that do you not understand? Who would pay for that?

Dave  DELETE 3 Zeros......LDs ....even fils......

Professor Dinard Dave gotta destroy dinars for that and improve infrastructure

NORV Dave delete zeros is a LOP

NORV  you do not want to see them delete zeros

Professor Dinard  NORV cause they'd use another currency series right?

NORV  Dave it could happen if they float and let it rise gradually over time

Dave  currency auctions raked in truck loads of dinar

Dave  CBI cash could be sitting in limbo

NORV  Professor Dinard If they float, they could reduce the money supply over time which would make it possible

NORV  Dave They are not reducing the dinar

NORV the currency auction does not reduce the money supply

Dave  :Spray:

Professor Dinard Would be cooler if they did

NORV  currency auctions are a balance between dinar and dollars. the balance is what maintains the market rate.

NORV  why do they sell dollars at auctions?

Dave NORV take in dinar for USD.......

NORV  does anyone understand why?

Clydesdale  But MarkZ says his connections all over the world say otherwise.......I'm betting he does not even have the phone number to 911. LOL

Dave  CBI gets to keep 2%

NORV  it is for 2 reasons... 1. to provide dollars for imports

Professor Dinard  Baseline for value?

Dave Spread

NORV and 2.. to maintain the exchange rate in iraq

NORV  maintaining the rate is accomplished by keeping an equal supply of dollars to dinars in the market

NORV  equal!

NORV  that means you cannot reduce the money supply

NORV  doing so would mess up the market rate. And in fact, because so many are taking dollars out of Iraq right now, the CBI cannot keep up with the demand..hence the 6% spread today

Dave  so we wait 90 days,,,,,,

NORV  and this is depleting the reserves.

Dave  DANG mattresss stuffers?????

Dave cough it up already.....

NORV Iraq has so much work to do

NORV  If they ever want to use the dinar in global transactions they need to accept IMF Article VIII. That cannot happen until they are in IMF compliance. Compliance comes from reducing the spread to 2% or less and maintaining it for at least 90 days. So they are months away from that.

Dave   i replace my mattress every 6=8 yrs

Floating can happen anytime that is up to the CBI..but without investment, the dinar will tank

Dave  That Dinar Mattress stuffing must be getting really woen out

NORV  They need to create a suitable investment climate… NORV  lure billions of dollars into Iraq to invest.

NORV that is why you see so many articles about investing

Dave  worn....

Clydesdale  Investments won't come without a currency with value so it's a catch 22..

NORV Clydesdale sure it will

Dave Kuwaiti Donors conference....Iraq got SQUAT

NORV  investors dont care about the exchange rate   they just want to be able to get profits out.

Dave Clydesdale No WTO either at .00086

NORV Clydesdale look at all the foreign countries with low exchange rates. investors participate in those countries. It is all about creating a suitable climate with laws to protect them

NORV Dave Iraq has nothing to export, there will be no WTO

Dave BUY ZIM!!!!!!!!

Clydesdale  Dave And that number is where some of the gurus are saying the 3 zeros will be deleted..... making it .86.

NORV You have to prioritize what Iraq needs to do.

Dave Clydesdale Bingo......

NORV  1 step, pass laws

Dave  how about exiting ch 7

NORV  create a environment for investors to want to come to Iraq

Dave  bring those wheelbarrows

Dave  with no increase in purchasing power

NORV  Dave you seem to love wheelborrows. what are you talking about?

Dave  1000 fils fer that coke....?

NORV Dave Iraq uses no more paper than we do

NORV   they just have 3 zeros on it

Dave  delete 3 zeros then what

Dave  lds and wheel barrows

Dave  1000 fils for that coke

NORV  what is the difference if you go to the store and take a 1000 dinar note to buy a coke or take a $1 bill and buy a coke. same thing

Dave coke 1000 dinar now

Dave  so 1000 fils then

NORV Dave i think you are confused. using dinar in iraq is just like using dollars.

NORV   only difference is they printed zeros on the notes

NORV  there are no wheelbarrows

NORV  no boxes

Dave  yeah MCP....here we go again....round and round and around some more

NORV   no shopping carts

Dave   :Spray:

NORV  no trunkloads

Dave  CBI...Restore the Purchasing Power of the IQD

NORV   Dave tell that to the crooked iraqi's in the government

Dave   Called the delete 3 Zero program

NORV   you want a LOP?

Dave   NORV you do.....

NORV   nope

Dave   loperonie

NORV   you need to understand that some iraqi's want to get rid of the zeros and they dont want to earn it. so they want to LOP (delete zeros) so they are on par with the world. But that wont happen

Clydesdale  Dave Or pepper

NORV  typical iraqi's take the easy way

Dave   PIP PIP fer you dont forget your wheel barrow when those Lds come out

NORV   lol

NORV  Luckily for us, the CBI is following the IMF and trying to create a strong dinar. and suitable investment climate so the economy grows

NORV  but for that to work, the GOI needs to pass laws and get private investors to come

NORV   then and only then will they get off the peg and float

NORV   allowing the dinar to gradually rise as a result of investors/investment

NORV   ok. gotta go. have fun.

NORV   :Pool:  FLOAT

xyz   sheila What happened? Is it not yet 3pm est?

9 Dec 20, 09:09 PM @sheila   Waiting for Supreme Court ruling at 3pm Eastern on Thursday.

Zig   No Name-Calling during any @NORV visit is a minor miracle :Thud::clap:

xyz   A member of the Parliamentary Finance Committee confirmed the government's intention to raise the exchange rate of the Dollar.

The owners of banking offices attributed the recent rise in the Dollar's exchange rate to the increase in demand for it by citizens, after rumors of the government's intention to raise its price.

MP Jamal Kocher said in an interview with Shafaq News agency, "I think that there is a government tendency to create an atmosphere for raising the dollar exchange rate more than it was in previous budgets, to reach approximately 130 thousand dinars for every 100 dollars," indicating that this step will affect the citizens and their salaries.

Kocher added, "The government's approach to reducing the deficit within the budget for next year boils down to four main steps, the first is to raise the exchange rate of the Dollar against the dinar, raise the price of the oil barrel to more than $ 42, which was previously announced by the Minister of Oil, implementing the reform paper into texts within the budget law, and finally, pressure expenditures and go to major expenditures only.

"The government must take these steps. Otherwise, there will be a huge deficit," he said. https://www.iraq-businessnews.com/2020/12/08/iraqi-mp-says-govt-to-devalue-dinar/

Zig: Refferals Will now be the only way we acquire new members...Only registered members who have been "activated" will have access and be able to post...If you would like to refer someone simply ask him/her to register, and make sure you know the username being registered...

Then simply address me in chat, writing that you have a referral, but please don't post the username...Once I see that someone new has registered I will ask you if that is your referral, then will activate them, etc....If you know someone here and wish to be an active member, I suggest that you contact him/her and ask to be referred...... :coffee: ......All Referrals are thoroughly vetted

Zig   The Chat Room will remain this way....I will no longer unlock it from time to time so anyone may post as a guest, etc....This way works best for me for various reasons...I do hope our current members refer others....if you would like to be a member here and recognize someone here, just contact them for a referral...

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE   You can make the box much bigger by clicking this link  ZIGPLACE - Cbox

Zig’s Place Chat Room Discussion and News Wednesday 12-9-20

 Zig’s Place Chat Room Discussion and News Wednesday 12-9-20

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here.

Sheila   Got this link today. Very interesting article.  Zimbabwe Unzips A Huge Wallet! – Humanitarian program puts money directly into citizens’ hands   After decades of debilitating sanctions, Zimbabwe is set for……..RESET. People the world over are registering by the millions for a humanitarian program that is guaranteed to shift the poor into a new wealth status and put power into their hands to maintain it. The People, a trust organization, has launched HIPP (Humanitarian Intervention Prosperity Plan) that will credit all adults who register with $100,000 spending power via the World Economic RESET app. RESET is an online digital wallet app. Though account holders may initially be limited to one thousand units spending per month, the deposited 100,000 units credit is an immediate economic status changer.

https://report.humanrightspolicy.us/2020/11/29/zimbabwe-unzips-a-huge-wallet/

slcaleb   Member of Parliamentary Finance: The government is heading for an “urgent” economic step to control the dollar situation      A member of the Parliamentary Finance Committee, Ahmed Hama Rashid, spoke today, Tuesday, about a new step that the government will take “compelled” to reduce the exit of hard currency from the country and control the gates of currency auction.

Deputy Rashid commented on what the media reported about the existence of negotiations between Iraq and the International Monetary Fund, to determine a new exchange rate for the dollar against the Iraqi dinar, saying that “there are tools that the government uses to adjust the exchange rate, which is considered (income from inflation), or increase its revenues. Through a currency auction, to reduce the deficit gap. ”

He added, “The government will also work to absorb the purchasing power of the Iraqi dinar, to reduce the marginal propensity to consume, thus the state’s imports will decrease, which leads to a reduction in the dollar exit rates from Iraq, and this also leads to a reduction in the dollar’s ​​demand.”

He continued, “This mechanism allows the central bank to control the outlets for selling the currency, with the aim of also controlling the exchange rates of the dollar,” according to the Baghdad website today.

Regarding the reasons for this approach, the deputy affirmed that “the government is obliged to follow this path, since Iraq has nothing but oil as a main source of revenue through its export and the entry of hard currency to it.”

Earlier, Mazhar Muhammad Salih, the financial advisor to Prime Minister Mustafa Al-Kazemi, commented, on Monday, on Iraq’s negotiations with the International Monetary Fund on determining the exchange rate of the dollar against the Iraqi dinar.

Saleh said that “all matters related to negotiations between Iraq and the International Monetary Fund to determine the exchange rate of the dinar are in the process of discussions only.”

He added, “The correct decision is for the cabinet when it discusses the draft budget very soon.”

slcaleb   The Finance Committee revealed before that, negotiations between Iraq and the IMF on determining the exchange rate of the dollar, while warning that those decisions may lead to inflation, which greatly affects the owners of limited income.   non14.net

Firefarmer   slcaleb affects the owners of limited income. what does that mean

Firefarmer   slcaleb Thank you for the post

slcaleb   Firefarmer I'm not sure my friend

Firefarmer   slcaleb Thank you I like having friends

slcaleb   Firefarmer I'll be your friend   :hug:

Firefarmer   slcaleb Thank You... Do you need anything

slcaleb   Firefarmer Just our RV!

Firefarmer   That would be a Christmas miracle  I have been waiting for this for a really really really really long time

Sheila   Firefarmer Christmas Star on December 21, 2020. First time in about 800 years. Also, December 21 is Winter Solstice, days start getting longer.

Firefarmer   slcaleb May I know where you are from

slcaleb  Firefarmer Colorado

Firefarmer   sheila I like Christmas …. God works in mysterious ways

Firefarmer   slcaleb May I ask what part

slcaleb  Firefarmer Colorado Springs

Firefarmer  slcaleb That is about 4 hours from me    well maybe 5

slcaleb   The head of a parliamentary committee warns of an “economic disaster” and sends a message to Al-Kazemi

slcaleb   The head of the Parliamentary Investment Committee, Representative Riad Al-Tamimi, warned Tuesday of a “catastrophe” that could kill investment in Iraq, calling on the government to take quick and firm decisions to strike corruption.

Al-Tamimi said, in a statement: “I am again addressing Prime Minister Mustafa Al-Kazemi in his capacity as the first person responsible for the reform file in the country, and I am talking about a disaster that kills investment after it plummets Iraq economically.

He added, “Iraq needs to develop investment, revitalize it and support the general budget through the investment and economy files, but the surprise that is always repeated is the administrative changes that are from bad to worse.”

He continued, “The director of state real estate was assigned to look at matters only without having the possibility of real work, and a vision that stimulates investment, and has become a media tool for speech without real action.”

And he considered that “the file of banks and banks has become a killing tool for investment, because their goal is personal interest without public interest.”

He called for “a quick and expanded meeting with the relevant authorities to speak frankly about what is happening in the concerned departments with the aim of stimulating investment.”

He explained, “The Investment Committee aims to strengthen the economy and investment, and today we note the killing of the Iraqi economy by the currency auction and state real estate and the Supreme Committee for the allocation of lands in your esteemed council.”

He called for “firm, quick and effective decisions that change reality and hit the heads of corruption, because the stage is sensitive, critical and dangerous, and there is no more risk and delay in decisions.”   burathanews.com

Xyz   12-8-2020 Newshound/Intel Guru Mnt Goat ...everyone reading this...today should be VERY HAPPY! ...Just about all the major news coming from Iraq in the last two weeks is about the currency...this week it’s all about the currency again…WOW!! ...I am now told by the CBI that they “fully” expect to complete the “project to delete the zeros” before Christmas on December 25th. They also told me the denominations they plan to roll out are 1,5,10 and 25 notes. The coins come a little late.

Zig   Wow!....Mountain Goat has a CBI contact...Now that has me excited....a trustworthy goat is a very rare thing so we should be thankful....Yes.

Spectra   Now You See TV   tSpo3ns3oagrecmmd ·

Evil is flourishing in the land and all the cowards care about is if someone is wearing a mask or not. The sniveling little devil children want you to inject yourself because they are scared. They don't want you to have free choice. They don't even want to hear what this lady had to say.

Spectra   https://bgdsearches.com/2020/12/09/learn-the-risk-founder-brandy-vaughan-found-dead-brandy-vaughan-cause-of-death-is-remains-unknown/

Spectra   Learn The Risk’ Founder Brandy Vaughan Found Dead : Brandy Vaughan Cause of Death Remains Unknown.

We regret to report that Ex MERC employee, prominent anti poison injection activists, and ‘Learn The Risk’ Founder Brandy Vaughan was found dead, according to to the following reports posted on social media and other platforms today December. 8, 2020.

Spectra   https://youtu.be/ZDUlfptPMjg

Dave   Those Evil Forces you mention just Cancelled ALL home visitations through Jan8 here,,,,,,,

Dave   Santa though has Special Immunity,,,,,,,He is Allowed......

Sheila   Article - 3 Reasons the 'Christmas Star' of 2020 Is Bringing So Much Hope -- https://www.crosswalk.com/special-coverage/christmas-and-advent/3-reasons-the-christmas-star-of-2020-is-bringing-so-much-hope.html

Xyz   12-9-2020 Newshound/Intel Guru Mnt Goat ...we read in articles that Iraq could no longer obtain outside loans. They exhausted the internal loans from their banks to pay the salaries for August and September. So then all of a sudden, we get articles telling us the IMF is willing to loan money to Iraq. ...Also, at about the same time the IMF says they will now loan money to Iraq...they come out with a statement telling the public that Iraq will go 1:1 with the dinar before the end of the year...they are finally opening up ad educating the public. Like I said this is not a secret and they can’t hide it.    :What If:

xyz   : OMYGD: Poor Z might soon be rich Z

NORV   xyz I assure you, you will not be rich soon. lol

NORV   :Pool:  float

Dave   NORV AWE......When Kap?

NORV   Dave Not until they have an economy with private investment Dave.

NORV   :Pool: float

NORV   And...they are in compliance with the IMF over the 2% spread for at least 90 days which is now over 6%

NORV   My guess, kiss 2021 goodbye

Professor Dinard   Would an RV make ISIS rich as well?

slcaleb   Two reasons for the rise in the dollar .. Advisor Al-Kazemi: temporary bubbles affected by speculative rumors Here's the article: [Baghdad-Where]

The financial advisor to the prime minister, Mazhar Muhammad Saleh, identified, on Wednesday, two reasons for the high exchange rate of the dollar, stressing that they are temporary bubbles affected by speculative rumors to reap profits.

According to the official agency, Saleh said, “The exchange market, as it is known, is one of the markets most affected by information. Rather, all its decisions depend on the available information and its level of credibility, but there are two reasons for the price fluctuating slightly above its usual rates of stability in the parallel market.”

He added, “The first reason is that the budget bill is close to being approved, and the conflicting, colored and confused information was raised about correcting the exchange rate, which generated vague signals that the market adopted for speculation and hedging in a short period.”

He continued, “As for the second reason, it is the approaching date of the legislative elections, the political strife, and the signals and information they generate regarding political gains, or the reasons for preparing for the elections, which give a high state of uncertainty among market makers regarding the political and economic situation of the country.”

He pointed out that “all these factors lead to anxiety in the decisions of buying and selling in foreign currency, and maintaining a price slightly higher than the market’s balance and levels of stability.”

He stressed that they are “temporary bubbles affected by speculative rumors, to reap emergency profits from price differences,” indicating that “correcting the exchange rate will remain a monetary policy action for the Central Bank of Iraq, which is the only source of information.

Slcaleb   Al-Abadi’s coalition announces its position on the interrogation of Al-Kazemi Here's the article: [Baghdad-Where]

The Nasr Coalition led by former Prime Minister Haider al-Abadi announced on Wednesday that it has no intention of questioning Prime Minister Mustafa Al-Kazemi in Parliament.

The coalition said in a statement, that it “denies its intention as a political entity to interrogate Prime Minister Mustafa Al-Kazemi.”

He added that “it is the right of MPs and the various blocs to exercise their constitutional rights to diagnose the reasons for hosting or questioning any executive responsible for his performance according to correct standards.”

He pointed out that his position comes “despite the fact that he has many observations on the performance of the government and its dealings with state and citizen files.”

Representatives from different blocs, including the Al-Fateh Alliance, expressed their intention to question Al-Kazemi in Parliament due to the government’s delay in sending the 2021 budget to the House of Representatives, and the government’s continued reliance on loans.   alliraqnews.com

Zig: Refferals Will now be the only way we acquire new members...Only registered members who have been "activated" will have access and be able to post...If you would like to refer someone simply ask him/her to register, and make sure you know the username being registered...

Then simply address me in chat, writing that you have a referral, but please don't post the username...Once I see that someone new has registered I will ask you if that is your referral, then will activate them, etc....If you know someone here and wish to be an active member, I suggest that you contact him/her and ask to be referred...... :coffee: ......All Referrals are thoroughly vetted

Zig   The Chat Room will remain this way....I will no longer unlock it from time to time so anyone may post as a guest, etc....This way works best for me for various reasons...I do hope our current members refer others....if you would like to be a member here and recognize someone here, just contact them for a referral...

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE   You can make the box much bigger by clicking this link  ZIGPLACE - Cbox

Zig’s Place Chat Room Discussion and News Monday 12-7-20

 Zig’s Place Chat Room Discussion and News Monday 12-7-20

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here.

Xyz   Parliament fails to amend Article 140 of the constitution concerning the disputed

Shafaq News / The Constitutional Amendments Committee in the Iraqi parliament was unable to find a formula that satisfies the parliamentary blocs regarding Article 140 of the constitution concerning the disputed areas between the Kurdistan Regional Government and the federal government.

Throughout the past period, the assigned committee held a number of meetings to make amendments to constitutional articles. It was proposed to cancel Article 140, but this proposal was met with strong rejection of the Kurdish parties.

The reporter of the Constitutional Amendments Committee, Saeb Khadr, said in a press conference held at the parliament building and attended by the correspondent of Shafaq News Agency, that the committee held an important meeting today in order to present its final report to the parliament presidency next week.

He added that today's meeting was dedicated to discussing the amendments proposed by the representatives, as well as discussing Article 140, and this article contains different opinions by the political forces and other components, adding that the views of the parliamentary forces on Article 140 were divided between cancellation, amendment and retention.

In addition to the Kirkuk governorate, the disputed areas are divided between Nineveh, Diyala and Salah al-Din, and were subject to a joint authority between the Kurdistan Region and the federal government before the independence referendum that was held by the region in September of 2017.

Article 140 provides for the removal of demographic policies conducted by Saddam Hussein's regime in the disputed areas in favor of the Arabs at the expense of the Kurds, and then counting the population before the last step, which is to hold a referendum whereby the residents determine whether they wish to join the Kurdistan Region or remain under the administration of Baghdad.

The implementation stages of the article were

xyz   The implementation stages of the article were to be completed until the end of 2007, but security and political problems prevented that.

The Federal Supreme Court ruled in 2019 that Article 140 of the Constitution of the Republic of Iraq remains in effect, confirming that this will continue until its requirements are implemented and the goal of its legislation is achieved. LINK

xyz  Parliamentary Finance : The high oil prices are behind the delay in the budget of the government, and we will hold continuous meetings to approve them at the end of this month

Sunday 06, December 2020   Baghdad / The Parliamentary Finance Committee informed the Presidency of the Council of Representatives that it will hold continuous meetings as soon as the General Budget Law arrives in Parliament for discussion and approval as soon as possible. It is likely that the 2021 budget will be approved at the end of this December.

The committee's rapporteur, Ahmad al-Saffar, said in a statement to the Iraqi National News Agency , that "the government has postponed sending the budget to the House of Representatives so far due to the high oil prices in the global market, which requires reformulating the numbers in the budget sections to reduce the financial deficit ceiling and increase revenues." .

He explained that "the Council of Ministers will meet next Tuesday and may approve the budget then or hold a special session to discuss and approve the budget next Wednesday, which means that the budget will reach the Presidency of Parliament early next week."

He added, "The draft budget is still up to the General Secretariat of the Council of Ministers to audit it in coordination with a special committee from the Ministry of Finance and the International Monetary Fund to update the exchange rate of the Iraqi dinar before the end of the fiscal year," indicating that "according to government estimates that we have informed about the price of a barrel of oil." In the general budget, it will be between 42 - 43 dollars. "

The spokesman for the Council of Ministers, Minister of Culture, Hassan Nazim, announced last week that the Council of Ministers decided to postpone its session devoted to discussing the draft Federal Budget Law 2021, until Saturday, when it has not been held yet.

https://ninanews.com/Website/News/Details?Key=874643

Dave  to update the exchange rate of the Iraqi dinar before the end of the fiscal year,.............

xyz   :Popcorn:

Dave   recent Bantor ,,,WTO accession and CBI suggesting Normalization of the IQD to USD.......hope that comes with Extra butter and not simply a PIP or 2

Dave   just wonder how if they cant pay salaries?

Dave   Iraq calls for the formation of a committee to follow up the outcomes of the Kuwait Donor Conference

Dave  Baghdad / Al-Masala: Iraqi Foreign Minister Fuad Hussein called, on Sunday, December 6, 2020, to form a committee to follow up the outcomes of the Kuwait Donor Conference.

A ministry statement received by Al-Masalla stated that the Minister of Foreign Affairs discussed with the Secretary-General of the Gulf Cooperation Council Nayef Falah Mubarak Al-Hajraf a number of issues related to Iraq, and called for the need to form a committee to follow up on the outcomes of the Kuwait Donor Conference.

Hussein stressed the need for coordination with the World Bank, and stresses the need to create a mechanism for joint work with the Cooperation Council.

It is reported that Foreign Minister Fuad Hussein arrived in Bahrain last Thursday to participate in the Manama Dialogue Forum at its 16th session. Obelisk   LINK

NORV  (Kaperoni)  For those who think the IMF has nothing to do with Iraq or the exchange rate....

NORV   (Kaperoni) Baghdad The International Monetary Fund is negotiating to determine the exchange rate

Monday 07 December 2020  Baghdad: Hoda Al-Azzawi  The Finance Committee in the House of Representatives expressed its hope that the 2021 budget bill will arrive in Parliament at the end of this week or early next week, with a deficit ranging between 40 to 50 percent of the volume of public spending, and while the Al-Kazemi government intends to resolve the file in the regular session of the Council of Ministers that will be held tomorrow On Tuesday, it revealed that there are "job degrees" in the bill to be awarded to those entitled to it.

The government was late in preparing the budget due to the rapid change in global oil prices, which reached 49 dollars per barrel, in addition to negotiations with the International Monetary Fund to determine the exchange rate of the Iraqi dinar.

The Parliamentary Finance Committee also warned against “lowering the exchange rate of the dinar against the dollar, which will increase inflation rates and negatively affect low-income people who depend on salaries.”

Committee reporter Ahmed Al-Saffar told Al-Sabah: "The 2021 budget may reach parliament at the end of the week or early next week," attributing the reason for its delay to the rapid changes in global oil prices that reached $ 49 per barrel, which called for a review of the price The oil that is planned for the budget, as it affects revenues, the deficit, and how to spend it General ».

Al-Saffar expected that "the deficit ranges between 40 to 50 percent of the volume of spending," noting that "the other reason for the budget delay is due to negotiations between the Ministry of Finance and the International Monetary Fund to determine the exchange rate of the Iraqi dinar."

Al-Saffar revealed that "there are opinions to reduce the exchange rate of the Iraqi dinar against the dollar," indicating that "this measure will lead to inflation and negatively affect those with limited income who

NORV   :Pool:  float

Sparky   NORV The Parliamentary Finance Committee also warned against “lowering the exchange rate of the dinar against the dollar, which will increase inflation rates and negatively affect low-income people who depend on salaries.”

xyz   NORV exchange rate not float

Xyz   Negotiations between Iraq and the International Monetary Fund to determine the exchange rate of the dinar

7-12-2020  The Parliamentary Finance Committee revealed, on Monday, negotiations that the Iraqi government is conducting with the International Monetary Fund to determine the exchange rate of the dinar against the dollar in Iraq.

The official "Al-Sabah" newspaper quoted the committee's reporter, MP Ahmad Al-Saffar, as saying that one of the reasons for "the budget delay is due to negotiations between the Ministry of Finance and the International Monetary Fund to determine the exchange rate of the Iraqi dinar."

Al-Saffar revealed that "there are opinions to reduce the exchange rate of the Iraqi dinar against the dollar," indicating that "this measure will lead to inflation and negatively affect those with limited income who depend on their salaries." LINK

xyz   A cabinet spokesman hopes that the budget file will be resolved in the council’s session tomorrow

Monday ، 07 December 2020 11:15 AM Cabinet spokesman Hassan Nazim expressed his hope that the budget file would be resolved in the council’s session tomorrow, Tuesday, indicating that there are job grades in the event that the budget is approved and one of the government's priorities is to grant it to those who deserve it.

He said in a press statement that there is striving work to complete the draft general budget law for the next year to be sent to the Council of Ministers for a vote.   LINK

xyz   The decision of the Parliamentary Finance Committee suggests approving the 2021 budget at the end of this month

Monday ، 07 December 2020 11:18 AM   The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, favored the approval of the 2021 budget at the end of this December.

Al-Saffar said, "The government has postponed sending the budget to the House of Representatives so far due to the rise in oil prices in the global market, which requires a reformulation of figures in the budget sections to reduce the financial deficit ceiling and increase revenues."

He explained that "the Council of Ministers will meet tomorrow, Tuesday, and may approve the budget then or hold a special session to discuss and approve the budget on Wednesday, which means that the budget will reach the Presidency of Parliament early next week."

He added, "The draft budget is still up to the General Secretariat of the Council of Ministers to scrutinize it in coordination with a special committee from the Ministry of Finance and the International Monetary Fund to update the exchange rate of the Iraqi dinar before the end of the fiscal year, indicating that, "according to the government estimates that we were informed by, the price of a barrel of oil in the general budget will be between 42 - 43 dollars. "

The decision of the Parliamentary Finance Committee suggests approving the 2021 budget at the end of this month LINK

xyz   Pope Francis will visit Iraq in March of next year

The Iraqi Ministry of Foreign Affairs announced, on Monday, that the Pope of the Catholic Church, Pope Francis, will visit Iraq in March of next year 2021.

The ministry said in a statement: "It is with great pleasure that we announce that His Holiness Pope Francis, Pope of the Catholic Church, will visit Iraq for the period from 5 to 8 March of the year 2021."

She added, "The Pope's visit to Iraq, Mesopotamia, the land of the apostles and the prophets, and the homeland of Ur and the Prophet Ibrahim, represents a historic event and support for all Iraqis of all kinds."

And she continued, "It also represents a message of peace to Iraq and the region as a whole, and affirms the unity of the humanitarian position in confronting extremism and conflicts, and promotes diversity, tolerance and coexistence." http://www.alliraqnews.com/modules/news/article.php?storyid=104832

xyz   Saleh for the ambassadors of the permanent members of the Security Council: the need to protect and support the sovereignty of Iraq http://www.alliraqnews.com/modules/news/article.php?storyid=104853

President of the Republic, Barham Salih, stressed, on Monday, the need to protect Iraq's sovereignty, and support it in continuing its efforts to combat terrorism.

The Presidency of the Republic stated in a statement, "Saleh received the ambassadors of the five permanent members of the Security Council accredited to Baghdad, in the presence of the Minister of Foreign Affairs Fuad Hussein, and during the meeting they discussed internal and regional developments, and the need to protect Iraq's sovereignty, support its stability and consolidate the state’s authority in Enforcing the law, protecting the security and stability of citizens, and supporting the country in continuing its efforts to eradicate terrorism, with the importance of easing tensions in the region and keeping Iraq away from the effects of regional conflicts.

She added, "The meeting touched on the upcoming elections, and the need to ensure their integrity, and to provide all the necessary conditions that give their results credibility as a fateful election, were emphasized, in order for their outputs to express the will of the voters away from fraud, manipulation and pressure, and the need to support the United Nations mission." To Iraq in providing support and coordination to the Independent Electoral Commission and to achieve the required supervision and oversight in order to achieve integrity and transparency in the various stages of its conduct.

The President of the Republic said, "Iraq affirms its endeavor to protect its sovereignty and enhance its stability, and its firm stance on the need to prevent tensions in the region and distance from conflicts, and firmly rejects their repercussions on its internal security and stability, and supports regional and international cooperation to establish peace a

xyz   12-7-2020 Newshound Guru Jeff This is very very important. Here's an older article September 6, 2012 "Delete the zeros must be at the beginning of a fiscal year" They can only delete their zeros (that means change the rate) at the beginning of a new fiscal budget period...here's why...this is a different article from August 12, 2012 "Saleh drew the interest of the Exchange must be with the new fiscal year, the Iraq government's accounts cannot be registered in the same year, two forms of financial values" They cannot have 2 different exchange rates during the same fiscal year ...Iraq's fiscal year before they went under the Chapter 7 sanctions...so prior to 1990...was April through March...

Zig   2012....Even my buddy @Kaperoni believed in an RV back then....lol   I was also a gullible newbie then

Zig: Refferals Will now be the only way we acquire new members...Only registered members who have been "activated" will have access and be able to post...If you would like to refer someone simply ask him/her to register, and make sure you know the username being registered...

Then simply address me in chat, writing that you have a referral, but please don't post the username...Once I see that someone new has registered I will ask you if that is your referral, then will activate them, etc....If you know someone here and wish to be an active member, I suggest that you contact him/her and ask to be referred...... :coffee: ......All Referrals are thoroughly vetted

Zig   The Chat Room will remain this way....I will no longer unlock it from time to time so anyone may post as a guest, etc....This way works best for me for various reasons...I do hope our current members refer others....if you would like to be a member here and recognize someone here, just contact them for a referral...

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE   You can make the box much bigger by clicking this link  ZIGPLACE - Cbox

Zig’s Place Chat Room Discussion and News Friday PM 12-4-20

Zig’s Place Chat Room Discussion and News Friday PM 12-4-20

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here.

Xyz   Parliament refused to pass a new borrowing in the budget for next year - urgent

12/04/2020 14:43   Baghdad today – Baghdad  Today, Friday, a member of the Parliamentary Economic Committee, Mahmoud Al-Zagrawi, confirmed that borrowing was not accepted in the 2021 budget, while noting that the Iraqi economy could not bear it.

Al-Zajrawi said in an interview with (Baghdad Today) that "Iraq has been living for 6 months on frequent borrowing to finance the disbursement of salaries and the rest of other expenses, and this matter created a very high debt with very bad economic dimensions and devoured a large part of the country's reserves of hard currencies."

He added, "The approval of the 2021 budget is very important for economic stability, but it must be studied extensively and discussed before voting on it, stressing the rejection of any attempt to borrow in the budget under any circumstances because the country's economy does not tolerate more borrowing and the government must have other alternatives away from the borrowing that is It has negative multi-faceted dimensions."

Yesterday, Thursday, a member of the Parliamentary Finance Committee, Jamal Cougar, suggested that the 2021 budget, which is in the process of being prepared by the Ministry of Finance, will be a brief austerity budget based on real data.

He said cougars in a press statement, said that "according to the current year 's data, the government spent in accordance with the system operational budget 1 / 12 about 52 trillion dinars."

Last Monday, Prime Minister Mustafa Al-Kazemi directed to send the 2021 budget to the General Secretariat of the Council of Ministers immediately for the purpose of checking it.

https://baghdadtoday.news/news/139065/%D8%B1%D9%81%D8%B6-%D9%86%D9%8A%D8%A7%D8%A8%D9%8A-%D9%84%D8%AA%D9%85%D8%B1%D9%8A%D8%B1-%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6-

xyz   Punitive, the budget is likely to arrive in Parliament next week

09:59 - 12/04/2020  The information / special  between the representative of the National Approach bloc, Hussein Al-Oqabi, said that the 2021 budget may reach parliament next week, pointing out that the parliament needs approximately two months to settle the budget before voting on it.

"The government was late in sending the budget, and this is negative in the performance of the government, as it must arrive in Parliament on October 15, according to the Financial Management Law," Al-Uqabi said.

He added, "Parliament needs nearly two months to discuss and amend the budget, conduct transfers to it, study it, and delay it today is a negative factor."

He explained that "the estimates indicate that the budget will reach Parliament next week for discussion, completion, and then voting." 25 n https://www.almaalomah.com/2020/12/04/508342/

Zig   Thank You Appreciate you posting news here...

4 Dec 20, 09:56 AM Zig   :P ....Anyway, I will never "unlock" this room again....so you will need an "Invitation" to become a member and to be able to post here....I unlocked it yesterday to find something out....I did...sorry but that is the way it will be....so hopefully our current members will invite some more people....and if you know someone here you could always contact her/him and ask for an invite.... :) .... :Nice day:

Dave  Zig Are you familiar with Qanon.? Now being Praised? what name would delegate to its followers........Real Patriots?

Zig  Dave : :N comment: LOL....Ask the expert about those things, Madame @Z :Banana:

NORV  :Pool: float

Zig  NORV : What do you think of this??

Zig  An economist calls for deleting the three zeros from the dinar to strengthen the local currency

Twig said: It is known that the monetary mass in circulation is about 60 trillion dinars, which is not available at the Central Bank of Iraq, the banks and the public, and it is a large monetary block compared to the economic transactions of the Iraqi economy and that a large proportion of this block suffers from compactness and therefore this does not help the Central Bank of Iraq in drawing a policy Effective cash calling on the central bank to delete three zeros or gradual deletion of zeros to make the value of the dinar appear at a higher value and that the processes of evaluation and monetary balance will be formed quickly in the market economy.

" He added: The monetary mass can become approximately 15 to 25 trillion dinars and the value of the new dinar converges to the value of the dollar , which facilitates the process of calculation and allows small and new denominations of cash to appear in the money market. LINK

Zig  Jeez @Kap Poof and you're gone....LOL....Please comment on above article....

Dave  Zig thought CBI commented on this and stated Not yet ready,....from a few days ago?

Dave  project delete 3 zeros live and well and also did mention free float vs managed float

Dave  WTO accession looming.....?

Dave  Chatter about Naval /ocean laws recently.......port dispute/kuwait near an end......?

Dave  to hear something on these issues all in 1 week..........

Dave  Iraqi Govt employees now required to actually open up bank accounts to get paid ?

Dave  talk of WTO.........have not heard a peep about that for 10 yrs

Dave  Al-Kinani supports the Central Bank’s initiative and calls for cooperation to make it succeed

December 1, 2020 Walter  Economy News _ Baghdad

The head of the Parliamentary Economic and Investment Committee, MP Ahmed Salim Al-Kinani, suggested, on Tuesday, that the Central Bank of Iraq initiative regarding lending to housing, service, industrial and agricultural projects will contribute to moving the Iraqi market and directing it in a way that contributes to increasing local investments.

Al-Kinani said in a statement that “Al-Eqtisad News” received a copy of it, that “the Central Bank launched its initiative in exceptional and complex economic conditions, as well as identified banks and exchange mechanisms through which those loans are granted to the covered surprises,” indicating that “the loan granting mechanisms must be accompanied by a monitoring mechanism.” Effective, clear, and unambiguous and unambiguous in spending those money by borrowers for projects that can benefit the national economy and citizens alike. ”

The head of the Economic and Investment Committee added, “This initiative should be kept away from speculators in public money who claim to be businessmen and investors, since there are previous experiences in this field that have led to a great waste of public money and its exploitation by beneficiaries whose only concern is to make profit at the expense of developing the Iraqi economy.” And make it more effective in facing economic crises. ”

Al-Kinani stressed, “his committee, on its part, will play its supervisory role to ensure the success of this initiative and guide it properly, calling on the central bank to cooperate and inform the committee of the details of the initiative as the committee has several proposals and can contribute to evaluating this initiative and its monitoring mechanisms.”

https://economy-news.net/content.php?id=22964

Dave  had to read that twice.....more questions than answers fer me

Zig: Refferals Will now be the only way we acquire new members...Only registered members who have been "activated" will have access and be able to post...If you would like to refer someone simply ask him/her to register, and make sure you know the username being registered...

Then simply address me in chat, writing that you have a referral, but please don't post the username...Once I see that someone new has registered I will ask you if that is your referral, then will activate them, etc....If you know someone here and wish to be an active member, I suggest that you contact him/her and ask to be referred...... :coffee: ......All Referrals are thoroughly vetted

Zig   The Chat Room will remain this way....I will no longer unlock it from time to time so anyone may post as a guest, etc....This way works best for me for various reasons...I do hope our current members refer others....if you would like to be a member here and recognize someone here, just contact them for a referral...

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE   You can make the box much bigger by clicking this link  ZIGPLACE - Cbox

Zig’s Place Chat Room Discussion and News Tuesday PM 12-1-20

Zig’s Place Chat Room Discussion and News Tuesday PM 12-1-20

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here.

Xyz   Parliamentary finance is targeting the currency auction: it does not exist in all countries of the world!

Baghdad – People   The Finance Committee in the House of Representatives confirmed, on Tuesday, the need to reconsider the currency auction, while calling for it to be transferred to the Ministry of Finance.

Committee member Ahmed Al-Saffar said in a statement to the official agency, followed by "People", (1 December 2020), that "the issue of the currency window of the central bank does not exist in all countries of the world except for Iraq," adding that "standards for transparency in work for the window are absent, and not There is a daily bulletin issued for auction operations, and we do not know the dollar amounts sold."

He continued, "We stress the need to reconsider this window and transfer the matter to the Ministry of Finance, because there is confusion and overlap between the work of the Central Bank and the revenues generated from oil revenues."

Al-Saffar pointed out that "earlier it was proposed to open a customs tax office inside the bank and to complete the tax collection directly from the beneficiaries from the currency window, because the sums were paid against proof of actual imports, as the tax was transferred directly, so the government would have achieved good amounts of revenues." https://www.nasnews.com/view.php?cat=46493

Dave   Economist: floating the currency will lead Iraq to 4 negatives at the same time

Dave   Baghdad Today – Baghdad   The economic expert, Rasim al-Akidi, identified 4 negatives that would arise at the same time if the Iraqi government went to float the dollar.

Al-Aqidi said in an interview with (Baghdad Today), “The float of the dollar, or what is known as liberalizing the exchange rate, takes place through two methods, the first is pure or free, and the second is the controlled or controlled method, and in both cases the price of the dollar will rise against the Iraqi dinar and will lead to the withdrawal of a large amount of the monetary block.” in the markets”.

He added, “Withdrawing a large cash block is offset by 4 disadvantages at the same time, and the affected will be large segments, including the increase in prices in the markets in addition to the factories’ reluctance to produce because the value of profits will decrease in front of costs in addition to the absorption of per capita income and the increase in rental prices, so the interest will be limited by analogy. Other damages. ”

Al-Aqidi pointed out that “Iraq needs an economic rescue plan that starts from maximizing non-oil revenues, which are many, and keeping the influential parties away from them, because a large part of the financial resources does not go to the state treasury, and this is part of the causes of the current financial crisis in the country.”

Economists ’opinions differed on the” floating of the dinar “in front of the dollar exchange to face the deficit crisis that the financial budget suffers from.

One party believes that the measure will serve the Iraqi economy in the medium term by activating the sectors of industry and agriculture, but another party believes that it will eliminate the poor and middle classes.

The Iraqi Central Bank rejected the idea of “floating the dinar” during the next stage to increase government revenues and be able to pay employees’ salaries in the coming days, citing its fear of increasing prices and harming the vulnerable classes.

Dave   free float or the managed float?

Dave   The estimated budget for 2020 suffers from a large deficit of 50 trillion dinars. Observers expected the deficit to rise with the oil market losing about 50% of its prices.

Central Bank Governor Ali Al-Alaq said, in a study published on the Central Bank’s website, that “the devaluation of the Iraqi currency stems from an attempt to reduce the budget deficit due to growing expenditures at unprecedented rates. Prices of imported materials and goods in light of the weakness of institutions and the general turmoil.

Al-Alaq added that “Iraq’s exports are limited to crude oil, and therefore the devaluation does not affect its exports, nor does a significant additional value materialize,” noting that “Iraq’s local industry is weak and unable to compensate for imports.” He revealed that the number of employees, retirees, and those covered by social care reach 6 million, and that they will be negatively affected by this measure.

The Governor of the Central Bank of Iraq confirmed that “the external debt of Iraq will rise after the devaluation of the currency, so the amount of 5.9 trillion dinars will become 7.1 trillion dinars, while the domestic debt remains unchanged.”

“The devaluation of the currency will undermine confidence in the national currency as a result of the absence of reforms and the general instability, and the demand for the dollar will increase, as well as the weak demand for deposits in local currency and conversion to foreign currency,” Al-Alaq added.

https://baghdadtoday.news/ar/news/138763/%D8%AE%D8%A8%D9%8A%D8%B1-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D8%AA%D8%B9%D9%88%D9%8A%D9%85-%D8%A7%D9%84%D8%B9%D9%85%D9%84

Dave   either way.....CBI states....Not ready for either?

Dave   Alaq.......commenting on this White Paper reform?

Dave   Siemens mentions implementing investing in rebuilding Iraqs power grid........A no Go.....Iraq does not have the fuel to power generators

eman4u55   this is a must watch https://www.youtube.com/watch?v=RFDSUnx4fwE&t=8s

Dave   German Siemens reveals the reasons for not implementing the agreed “road map” strategy in Iraq

November 30, 2020 Walter   1,454 Sweeteners 11/30/2020 09:23 ha

Baghdad today – Baghdad  The German company Siemens confirmed, Monday (November 30, 2020), to proceed with the “road map” strategy that it agreed to implement in Iraq with previous governments, while expressing its hope to consolidate cooperation with Iraq and work to meet the country’s need for electricity during the coming period.

The company’s executive director, Musab Al-Khatib, said in a press statement, “The company has previously submitted an integrated strategy to provide electric power to Iraq in the name of (the Road Map), which included achieving self-sufficiency within four years. However, there are challenges to meet the requirements of the electricity sector, including the lack of The provision of adequate quantities of fuel affected the continuation of this plan. ”

He pointed out that “you can benefit from the associated gas to feed the power stations, and from its derivatives to support the general budget through these precious extracted materials.”

The executive director of the German company said, “The fluctuation of global oil prices and the economic decline that resulted from the Corona pandemic have affected the pace of implementation of development projects in Iraq, and these challenges are not only faced by Iraq; but are part of the challenges that the world faces.”

He continued, “We are making progress in implementing our projects, and we are optimistic about the economic policies and reform programs announced by the government, and its desire to move forward in implementing the state’s infrastructure projects, in a way that supports levels of economic performance.”   https://baghdadtoday.news/ar/

Dave   Zig just only wish it was good news

Zig   Dave : One of these days....One of these days!!!....LOL

Sheila   process... we wait for the process to reveal whatever there is to see.

EYEGUY   all of us Dinarians are good at waiting

Dave   EYEGUY  lol

EYEGUY   what are we really gonna be able to do if it happens right now ?

Dave  line up at the bank

Zig   Dave : Hotdogs with Tony....Finally....lol

Zig   You may not be familiar with that reference....lol

Sheila   Zig have heard of that reference back when he was at PTR

EYEGUY   oh yes

Zig   sheila : Yes...LOL

Dave   Alaq my Guru......

EYEGUY   just like the hotdogs with casing for that nice crunch mustard/coleslaw yum

Dave   sauerkraut....maybe

Sheila   mustard & dill relish

EYEGUY   is PTR still around ?

Sheila   yes

EYEGUY   sheila I`ll have that way too

Sheila   Dan, Gary & that Abe Treasury guy

EYEGUY   still   calling it lol

Sheila   think it's paid access now. not for me.

EYEGUY   I never paid

Dave   What of Stryker?....

EYEGUY   always something getting in the way of this happening ....although it keeps on keeping on ....like the energizer rabbit   glad I didnt go nuts and buy buy buy

Dave   but but ASN?

Dave   Cleared for landing.......

EYEGUY   decided a long time ago ...just buy what I could afford to lose and be done with it

Dave   me too....all 50 dinar......

EYEGUY   its been 10 yrs plus I would have to look at my receipt to fnd a date

EYEGUY   rounded it off at 1 million easier to figure

Dave   bought in when it was like just over 600/million

EYEGUY   your a early beleiver

EYEGUY   good price

Dave   100% ROI anint bad

Zig   Professor Dinard : LOL....you are funny at times....

Professor Dinar   Zig its cause I got my PHd in clown college

Dave   thought trump University

Zig   Takes a lot of skill to be a good clown....have been some very famous clowns....

Professor Dinard   Dave no I would've been a millionbajillionaire with keys to dinar RV if I did that

Professor Dinard   Zig  it sure does. Like the skill of absolutely not thinking for yourself at all. I see a lot of fellow peers in here

Zig   Ouch

Professor Dinard   My favorite clown is Gavin "you can't eat at a restaurant but I can go to fancy restaurant" newsom

Dave   Zig Best get prepared.....Canada has CHinese Military at its border ready to invade on Bidens request

NORV   Warning Against "Floating Currency" To Raise The Price Of The Dollar Against The Iraqi Dinar

On December 1, 2020   Al-Mustaqila / - The economist Rasim al-Akidi said that the floating of the dollar, or what is known as the liberalization of the exchange rate, takes place through two methods, the first is pure or free, and the second is the controlled or controlled method, and in both cases the price of the dollar will rise against the Iraqi dinar and will lead to the withdrawal of a large amount of the monetary mass in Markets.

Al-Akidi added that the withdrawal of a large cash block corresponds to 4 drawbacks at the same time, and the affected population will be large segments, including the increase in prices in the markets in addition to the factories ’reluctance to produce because the value of profits will decrease in front of the costs in addition to the absorption of per capita income and the increase in rental prices. Other damages.

According to Al-Aqidi, Iraq needs an economic rescue plan that starts from maximizing non-oil revenues, which are many, and keeping the influential parties away from them, because a large part of the financial resources does not go to the state treasury, and this is part of the causes of the current financial crisis in the country.

Economists ’opinions differed on the“ floating of the dinar ”in front of the dollar exchange to face the deficit crisis in the financial budget.

One party believes that the procedure will serve the Iraqi economy in the medium term by activating the industrial and agricultural sectors, but another party believes that it will eliminate the poor and middle classes.

The Central Bank of Iraq rejected the idea of ​​"floating the dinar" during the next stage to increase government revenues and be able to pay employees' salaries during the coming days, citing its fear of increasing prices and harming the vulnerable classes.

The estimated budget for 2021 Dec 20, 04:36 PM NORV   suffers from a large deficit of 50 trillion dinars. Observers expected the deficit to rise with the oil market losing about 50% of its prices.

NORV   https://mustaqila.com/%D8%A7%D9%84%D8%AA%D8%AD%D8%B0%D9%8A%D8%B1-%D9%85%D9%86-%D8%AA%D8%B9%D9%88%D9%8A%D9%85-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9-%D9%84%D8%B1%D9%81%D8%B9-%D8%B3%D8%B9%D8%B1-%D8%A7%D9%84%D8%AF%D9%88/

xyz   NORV do you hang around searching for float?

NORV   This does not mean they won't float, it just means it is not a good time to float. But eventually they will.

Xyz   NORV is it right time to rv? Its ok @Kaperoni you can say it. Poor Z will not laugh at you buddy

Zig   I want my RV!!....and I want it now!!!!

Zig   I think @Dave posted that article earlier as well....

Zig: Refferals Will now be the only way we acquire new members...Only registered members who have been "activated" will have access and be able to post...If you would like to refer someone simply ask him/her to register, and make sure you know the username being registered...

Then simply address me in chat, writing that you have a referral, but please don't post the username...Once I see that someone new has registered I will ask you if that is your referral, then will activate them, etc....If you know someone here and wish to be an active member, I suggest that you contact him/her and ask to be referred...... :coffee: ......All Referrals are thoroughly vetted

Zig   The Chat Room will remain this way....I will no longer unlock it from time to time so anyone may post as a guest, etc....This way works best for me for various reasons...I do hope our current members refer others....if you would like to be a member here and recognize someone here, just contact them for a referral...

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE   You can make the box much bigger by clicking this link  ZIGPLACE - Cbox

Zig’s Place Chat Room Discussion and News Saturday PM 11-28-20

Zig’s Place Chat Room Discussion and News Saturday PM 11-28-20

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here.

Xyz   11-28-2020 Newshound/Intel Guru Mnt Goat ...currency auctions are going to stop soon and they are going to issue the newer notes for lower denominations in Iraq. They are more than ready. I have talked to my CBI contact this week and I was told they will have the “green light” very soon. They are making their last preparations.

Zig   xyz : Wow...Fantastic news...Thanks for bringing that in here!...The goat has always been a great source...never knew the goat had a CBI contact....

Dave   Iraq is preparing a plan to join the World Trade Organization in early 2021

Dave   Mubasher: The Iraqi Ministry of Trade announced today, Friday, the preparation of a plan to join the World Trade Organization, stressing that the accession will contribute to increasing national production and providing job opportunities.

The ministry told the Iraqi News Agency, “INA”, today, that it has prepared a plan to join the World Trade Organization, which is represented by the restructuring of the National Committee on accession, as well as the sub-committees emanating from it, to complete the accession files, as well as to expedite the legislation of laws, and prepare draft laws related to the organization’s agreements. .

She explained that the draft laws such as the National Product Protection Law, the Consumer Protection Law, the Competition and Monopoly Prevention Law, and the Customs Tariff Law.

She added that joining the organization has positive repercussions in the long run, as Iraq may not directly reap its fruits, but there will be a strong, integrated Iraqi economy capable of competing with the economies of the member states of the organization in general, and the economies of neighboring countries in particular.

She added that accession would allow Iraq to enter into fair competition for goods and services with other member states.

She emphasized that this measure will contribute to increasing national production and providing job opportunities for the unemployed, and thus there will be a noticeable increase in per capita income and total output.

She indicated that the Ministry is coordinating with all ministries and private sector entities to complete the files of accession, represented by the completion of the legislative implementation plan, which includes Iraqi laws and draft laws that affect directly and indirectly in economic activities, and a preliminary draft of this plan has been completed. .

https://www.mubasher.info/news/3727811/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%B9%D8%AF-%D8%AE%D8%B7%D8%A9-%D9%84%D

Dave   Always thought WTO required a globally traded currency....IMF accession "full"status without being under UN Ch7 sanctions.....?

Zig   Gonna be rich soon @Dr. Dave

Dave   Dave works.....

Dave   luv WTO Chatter......https://search4dinar.wordpress.com/    good news source...*

Professor Dinard   Any good news on the Zimbabwe currency yet?

Professor Dinard   https://ourworldindata.org/grapher/covid-tests-cases-deaths-per-million?tab=chart&stackMode=absolute&time=2020-03-14..latest&country=~USA&region=World

xyz   Parliamentary Finance issues a package of reforms that includes imposing a value-added tax and reviewing the dollar exchange rate https://economy-news.net/content.php?id=22907

The Parliamentary Finance Committee issued proposals to address the financial crisis in Iraq, which included reviewing the exchange rate of the dollar against the dinar, establishing a national telecommunications company, and imposing a value-added tax.

Butterfly  Jupiter and Saturn Will Form a Rare “Double Planet” in the Sky Before Christmas  Here’s how to see an incredible spectacle that hasn’t happened in 800 years

Butterfly   https://www.goodhousekeeping.com/life/entertainment/a34798909/jupiter-saturn-double-planet-december-21-christmas-star-how-to-see-it/?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Zig: Refferals Will now be the only way we acquire new members...Only registered members who have been "activated" will have access and be able to post...If you would like to refer someone simply ask him/her to register, and make sure you know the username being registered...

Then simply address me in chat, writing that you have a referral, but please don't post the username...Once I see that someone new has registered I will ask you if that is your referral, then will activate them, etc....If you know someone here and wish to be an active member, I suggest that you contact him/her and ask to be referred...... :coffee: ......All Referrals are thoroughly vetted

Zig   The Chat Room will remain this way....I will no longer unlock it from time to time so anyone may post as a guest, etc....This way works best for me for various reasons...I do hope our current members refer others....if you would like to be a member here and recognize someone here, just contact them for a referral...

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE   You can make the box much bigger by clicking this link  ZIGPLACE - Cbox

Zig’s Place Chat Room Discussion and News Friday PM 11-27-20

Zig’s Place Chat Room Discussion and News Friday PM 11-27-20

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here.

Clydesdale   Don't get too excited when you see this on Dinar Guru. Same guy who said all he was waiting on was "Give Me Mosul" and that was literally years ago. Also the same guy who gave us the Boston Marathon analogy of just before breaking the ribbon at the finish line and that was months ago. Also the guy that never gives a date but he has certainly alluded to it over the years. 11-27-2020 Intel Guru Frank26 I'm happy. I'm excited...I know I know we've been patient for years but when you see the shore line what's the sense of jumping out of the boat and swimming? Why didn't you jump out of the boat when we were in the middle of the ocean and swim to shore? Be patient. We can see the shoreline. We're about to dock...Iraq is about to enter the international world...

Xyz   Headed by the Minister of Finance, the Association of Private Banks organizes a meeting for the banking sector

Economy News _ Baghdad   The Iraqi Private Banks Association, in the presence of the Deputy Prime Minister for Economic Affairs, Minister of Finance, Dr. Ali Abdul Amir Allawi, held a meeting that includes all banks operating in Iraq to discuss the mechanisms for developing the banking sector according to the white paper.

The Minister of Finance, Ali Abdul Amir Allawi, said during the meeting, I thank the Iraqi Private Banks Association for this invitation, because the banking sector is the most important economic sector, and the state is working to support it in order to move the economy, stressing that the current economic reform movement is the most serious and will continue to governments Coming.

He added that the Ministry of Finance is working to strengthen the infrastructure for the advancement of all economic sectors, especially the banking sector, in order to support investment projects in Iraq, explaining that the Ministry of Finance does not see any alternative but to strengthen the banking sector and push it forward by removing obstacles in front of it.

He noted that the Ministry of Finance is seeking to offer bonds worth 3-5 billion dollars to citizens in the two currencies, the dinar and the dollar, and we expect private and government banks to buy them.

He pointed out that the exchange rate of the dinar against the dollar will be fixed when bonds are issued, in order to avoid any losses in bond purchases by banks and citizens.

He stressed that the Ministry of Finance, through the White Paper, will reform the financial policy, monitor the economy, and change it to keep pace with the global economy, explaining that the political decisions that were taken in the past have affected the economy.

On the other hand, the head of the Iraqi Private Banking Association, Wadih Al-Handal, thanked the Minister of Finance for meeting the invitation, stressing

xyz   https://economy-news.net/content.php?id=22898

Zig   Thanks, Dinar Recaps https://dinarrecaps.com/our-blog/zigs-place-chat-room-discussion-and-news-thursday-pm-11-26-20

Professor Dinard   In early 1943, two days after the death of Nikola Tesla, the Federal Bureau of Investigation ordered the Alien Property Custodian to seize Tesla's belongings. Trump was called in to analyze the Tesla items, which were being held in custody. After a three-day investigation, Trump's report concluded that there was nothing which would constitute a hazard in unfriendly hands.

In 1952, following pressure from Tesla's nephew, Sava Kosanović, Tesla's entire estate was shipped to Belgrade in 60 trunks marked N.T. In 1957, Kosanović's secretary Charlotte Muzar transported Tesla's ashes from the United States to Belgrade. The ashes are displayed in a gold-plated sphere on a marble pedestal in the Nikola Tesla Museum. https://en.wikipedia.org/wiki/John_G._Trump?wprov=sfla1

Professor Dinard   Fun fact of the day. Did you guys know trump's uncle was a top physicist? Pretty cool. Not saying its linked to anything but it's still pretty cool

Dave  Zig Iraq is preparing a plan to join the World Trade Organization in early 2021

Dave  WTO   27 November 2020 08:33 PM  Mubasher: The Iraqi Ministry of Trade announced today, Friday, the preparation of a plan to join the World Trade Organization, stressing that the accession will contribute to increasing national production and providing job opportunities.

The ministry told the Iraqi News Agency, “INA”, today, that it has prepared a plan to join the World Trade Organization, which is represented by the restructuring of the National Committee on accession, as well as the sub-committees emanating from it, to complete the accession files, as well as to expedite the legislation of laws, and prepare draft laws related to the organization’s agreements. .

She explained that the draft laws such as the National Product Protection Law, the Consumer Protection Law, the Competition and Monopoly Prevention Law, and the Customs Tariff Law.

She added that joining the organization has positive repercussions in the long run, as Iraq may not directly reap its fruits, but there will be a strong, integrated Iraqi economy capable of competing with the economies of the member states of the organization in general, and the economies of neighboring countries in particular.

She added that accession would allow Iraq to enter into fair competition for goods and services with other member states.

She emphasized that this measure will contribute to increasing national production and providing job opportunities for the unemployed, and thus there will be a noticeable increase in per capita income and total output.

She indicated that the Ministry is coordinating with all ministries and private sector entities to complete the files of accession, represented by the completion of the legislative implementation plan, which includes Iraqi laws and draft laws that affect directly and indirectly in economic activities, and a preliminary draft of this plan has been completed. .

https://www.mubasher.info/news/3727811/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%

Dave   WTO.....need a Globally traded currency for that?????

NORV   Planning and doing are two separate things. Iraq has nothing to export. Until they have a private sector the WTO is meaningless.

Dave  pretty much!

NORV   :Pool:float

Dave   NOT happening until private sector opens up........imo

Dave   Govt can say as they wish......up to CBI

Dave   UNAMI sure spending alot of time on Iraq

Dave   art 140 still a no go........nor has has Iraqs debit to Kuwait been paid yet

Dave   RV tomorrow :Happier:

Zig   Dave : Thanks, Dave...we'll soon be filthy rich.... :Yes:

Dave   SOON!

Zig  I think so...

Dave  Art 140 HCL private banking laws, Federal court laws Kuwait getting 2,4 billion usd.....ASN!!!

Zig  I think they want to do it by Christmas to boost the economy....as Gurus have been saying....

Dave  Merry Xmas......

Zig   Trump will take credit for it as he prepares for a 2024 run....

Zig  Dave : Hasn't @NORV AKA @Kaperoni been a perfect gentleman here lately??....Kind of shocking!

Dave   agree with much of what he states........Iraq has accomplished SQUAT.....

Dave  Trudeau...getting the gears for most likely not being to roll out the vaccine until March/Aprilish.... a cornucopia of 5-6 different ones..... Ironically know nobody that chooses to be the first in line for that?

Zig   @TWW Tell us what you know...your inside secrets....we have ways to make you talk....lol....

TWW   Zig shishhhhh, nobody kno's but the shadow...im out of town with sealed lips for a bit, dinner break is abt over

Zig   TWW :  :Think: You must be some kind of secret agent...on a secret mission..

Zig    sheila : How come you stopped posting @Jeff video links?.....Just curious.....

sheila   Zig    posted to introduce people to his viewpoint. if they wanted more, they can search youtube themselves.

Zig   sheila : Okay...up to you...

Zig   I do not like mentioning something and then not tell you what I am referencing...Jeff was here for a while by another name....you may know him as Dinar Investor...If you have interest in taking a look at his videos regarding his thoughts about this investment go to https://www.youtube.com/channel/UCe_hv6JGHCdoh6Z-mN2-Nvw/videos

Zig   Remember that anyone may post videos so you will find all kinds of opinions out there regarding this investment, etc....IMO nobody knows what will happen in the future with this.....

Zig ...I do ! We'll wait...

Zig:  Refferals Will now be the only way we acquire new members...Only registered members who have been "activated" will have access and be able to post...If you would like to refer someone simply ask him/her to register, and make sure you know the username being registered...then simply address me in chat, writing that you have a referral, but please don't post the username...Once I see that someone new has registered I will ask you if that is your referral, then will activate them, etc....If you know someone here and wish to be an active member, I suggest that you contact him/her and ask to be referred...... :coffee: ......All Referrals are thoroughly vetted

Zig   The Chat Room will remain this way....I will no longer unlock it from time to time so anyone may post as a guest, etc....This way works best for me for various reasons...I do hope our current members refer others....if you would like to be a member here and recognize someone here, just contact them for a referral...

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE   You can make the box much bigger by clicking this link  ZIGPLACE - Cbox

Zig’s Place Chat Room Discussion and News Thursday PM 11-26-20

Zig’s Place Chat Room Discussion and News Thursday PM 11-26-20

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here.

Xyz   The Central Bank holds a meeting with the Bank for International Settlements (BIS)

November 24, 2020   The Central Bank of Iraq held a remote meeting with the Bank for International Settlements (BIS) to discuss prospects for joint cooperation and investment mechanisms between the two parties.

The two parties agreed on the contribution of the Bank for International Settlements to enhance the capabilities of the Central Bank of Iraq and increase investment opportunities in foreign reserves.

The Bank for International Settlements is an international institution that provides services to central banks that seek to enhance global monetary and financial stability, And that through its activities in achieving a balance of the priorities of strategic importance for central banks in managing reserves,

And ensuring a good understanding of cash flow management, and diversification in order to obtain good returns to meet their needs,

As well as providing credit brokerage services, gold, foreign exchange and asset management, including an integrated management function    For financial and operational risks and properly control them.

Xyz    The Central Bank of Iraq information Office https://cbi.iq/news/view/1607

Positive Ties Between Erbil and Baghdad Key to Stability Across Iraq: UN ERBIL - All sides agree that a constructive and positive relationship between the Kurdistan Regional Government (KRG) and the federal government is key to the stability across Iraq, Special Representative of the UN Secretary-General for Iraq, Jeanine Hennis-Plasschaert, stated.

Hennis-Plasschaert made the remarks while briefing the UN Security Council via a video-teleconference from Baghdad on Tuesday, in which she shed light on various topics.

"With regards to Baghdad-Erbil relations: all of us will agree that a positive and constructive relationship between federal Iraq and the Kurdistan Region is key to the stability of the whole country," the UN envoy said.

She further noted that the KRG and the federal government recently signed an agreement on the normalization of situation in Sinjar, which was considered to be "an important agreement, as it could pave the way for a new chapter for Sinjar, for all Sinjaris."

As Baghdad is yet to send Erbil's share from the federal budget, Hennis-Plasschaert reminded that "it should be clear, however, that a Kurdish Region public servant is not only a Kurdish Region public servant: she or he is also an Iraqi citizen."

"The payment of public civil servants should be shielded from political disputes, they cannot and should not be collectively victimized. A solution is urgent, and political will to find a way out will - once more - prove essential." https://www.basnews.com/en/babat/650760

Xyz     Iraq To Approve 2021 Budget Next Week

Earlier, Iraq’s Oil Minister Ihsan Abdul Jabbar said oil prices are expected to reach around $45 in the first quarter of 2021

Iraq has also based a draft 2021 federal budget on a projected oil price of $42 per barrel; the oil minister added. https://shafaq.com/en/Iraq-News/Iraq-to-approve-2021-budget-next-week

Parliamentary Finance Reveals A Paper To Reform The Economy And Does Not Depend On Borrowing    LINK

Xyz    Al-Darraji Demands The Central Bank To Adopt A Real Rate Of The Iraqi Dinar

24-11-2020  Al-Mustaqilla .. MP Muhammad Sahib Al-Darraji called on the Central Bank to adopt the real price of the Iraqi dinar, away from the prices offered in the currency auction.

Al-Darraji said in a tweet on his Twitter page, Tuesday, "The central bank must adopt a real price for the dinar, away from breaches of the window of selling the notorious currency."

He also called for "disclosing bills and documentary credits provided by banks in exchange for transferring hard currency abroad and checking its credibility."

Al-Darraji stressed that the bank’s failure to do so is that it “is considered an accomplice in the crime and we will have to resort to legal methods to remedy this defect.”

The window of selling the currency in the central bank faces many criticisms, while leaks stated that a number of banks acquire the amounts that are being traded in the currency auction for the purpose of increasing their profits.  LINK

The post Al-Darraji demands the central bank to adopt a real rate for the Iraqi dinar appeared first on the independent press agency. LINK

xyz    Al-Ansari to "Al-Eqtisadiah News": The Economic Contact Group will accelerate the implementation of economic reforms https://economy-news.net/content.php?id=22885

The economic expert, Aqeel Al-Ansari, said that the formation of the Economic Contact Group for Iraq will contribute to the implementation of economic reforms in Iraq.

He added in a statement to "Al-Iqtisad News" that "the group's role lies in helping the Iraqi government to draw a roadmap to get out of the economic predicament that it is experiencing, as a result of the outbreak of the Corona virus and the low oil prices."

He added, "The importance of the group also relates to that it is a contact group and not a financial or economic alliance, meaning that they will not provide loans like the Kuwait Donors Conference."

"It is hoped that the group will monitor the progress of reforms, provide advice and expertise that is lacking in Iraq, and mobilize the international community to help it and bring it closer to international or legal accounting firms," Al-Ansari said.

He pointed out that "the periodic meeting of the group, every three months, will push all the parties to implement what they have agreed upon and to progress according to the drawn road map."

He added that "the international community is represented in this group by the World Bank and the Monetary Fund, as well as the Group of Seven, which gives an indication that the international community is morally committed to helping Iraq out of this ordeal and build a better future."

 Xyz   Finance Minister: The Iraqi economy is going through unprecedented corruption https://economy-news.net/content.php?id=22884

The Minister of Finance, Ali Allawi, confirmed, on Wednesday, that the Iraqi economy is going through unprecedented corruption, to the point that the employee’s seat at the border outlets is being sold between 50 and 100,000 US dollars.

Allawi said in statements to the British Guardian newspaper that the crises in Iraq will remain for a long time, and will continue until the price of a barrel of oil reaches $ 70, indicating that the price of oil will not rise, and solutions must be found, otherwise Iraq will be the fate of Venezuela.

Allawi added, that the problems of Iraq are interrelated, to the point that when a solution to one of the problems is sought, an influential and beneficial personality emerges and impedes its achievement.

Pointing out that only 10 percent of the border crossings' revenues, which amount to eight billion, enter the Iraqi treasury, due to corruption and influence.

xyz   Financial Committee: The budget will arrive in Parliament within two weeks, and approval will be delayed for the next year https://economy-news.net/content.php?id=22882

The Finance Committee revealed that the 2021 budget will soon reach the House of Representatives for approval, blaming the Finance Ministry for delaying its arrival to the House.

A member of the committee, Ahmed Hama Rashid, said, in an interview with "Al-Eqtisad News" that "the budget is still in the inclusion of the Ministry of Finance and will reach Parliament within the next two weeks."

He added that "the committee has not yet reviewed the budget provisions and their details," noting that "the committee needs 45 days to complete the vote on it."

Rashid ruled out approving the budget during the current year, attributing that to the "delay of the Finance Ministry in sending the budget to the House of Representatives, in contradiction to the Financial Management Law, which requires sending it in the middle of the tenth month."

And on the salaries of the first month of next year, a member of the Finance Committee said, "The government can provide salaries for employees from oil sales, but it deliberately delays it."

And he indicated that "when the parliament approved the second borrowing law, the Iraqi government had 3.6 trillion dinars in its balance."

Professor Dinard   Sometimes I believe iraq was better off under dictator rule

Xyz   Parliament prepares a package of reforms that includes a "new salary scale" https://aynaliraqnews.com/index.php?aa=news&id22=141218

A statement by the Media Department of the House of Representatives stated that "the Financial Committee headed by Haitham Al-Jubouri, Chairman of the Committee, and the attendance of the members held a meeting in which it discussed the economic and financial reforms paper prepared by it, and hosted the General Manager of the Iraqi Company for Bank Services ."

The reforms also included preparing a new salary scale, reviewing all the allocations previously granted, taking into account the economic situation, achieving social justice and encouraging employees to work in the private sector, as well as revitalizing the industrial and agricultural sectors, protecting investors and building major strategic projects that achieve huge revenues for the state treasury .

xyz   Iraq, Saudi Arabia reopen Arar border crossing after 30 years

Arar crossing opens for transportation of goods and people for the first time since 1990, official statement says. https://www.aljazeera.com/news/2020/11/18/iraq-saudi-reopen-arar-border-crossing-after-30-years

xyz   How an AI Tool Distinguishes Between a Conspiracy Theory and a True Conspiracy https://www.nextgov.com/emerging-tech/2020/11/how-ai-tool-distinguishes-between-conspiracy-theory-and-true-conspiracy/170309/

xyz  Israeli military prepares for possibility Trump will strike Iran https://www.axios.com/israeli-military-prepares-trump-iran-0d0a5725-c410-4f5c-a0ea-9c6f9add4966.html

xyz  Ga. Sen. Perdue boosts wealth with well-timed stock trades https://apnews.com/article/senator-david-perdue-georgia-stocks-198e39c67f90e25bb6b2398bd32c1363

Dave   Zig enjoy the chatter of Iraq wishing to increase the purchasing power of the IQD?

Professor Dinard   There are other policy issues that might lead a country to change its fixed exchange rate. For example, rather than implementing unpopular fiscal spending policies, a government might try to use devaluation to boost aggregate demand in the economy in an effort to fight unemployment. Revaluation, which makes a currency more expensive, might be undertaken in an effort to reduce a current account surplus, where exports exceed imports, or to attempt to contain inflationary pressures. https://www.newyorkfed.org/aboutthefed/fedpoint/fed38.html

Professor Dinard  That's a good read

Zig  Professor Dinard : You're a wealth of information today

Professor Dinard   It also states that IMF can also change the sdr rate between them and country so technically speaking kap is wrong to say it's impossible to RV

Professor Dinard   The role of the SDR

The SDR was created as a supplementary international reserve asset in the context of the Bretton Woods fixed exchange rate system. The collapse of Bretton Woods system in 1973 and the shift of major currencies to floating exchange rate regimes lessened the reliance on the SDR as a global reserve asset. Nonetheless, SDR allocations can play a role in providing liquidity and supplementing member countries’ official reserves, as was the case amid the global financial crisis.

The SDR serves as the unit of account of the IMF and some other international organizations.

The SDR is neither a currency nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. SDRs can be exchanged for these currencies.

Professor Dinard  https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR

Dave   member countries.......

Professor Dinard  Dave Under the Articles of Agreement, when certain conditions are met, the IMF may allocate SDRs to members participating in the SDR Department in proportion to their quotas (known as a general allocation). A special one-time allocation in 2009 enabled countries that joined the IMF after 1981 (i.e., after previous allocations) to participate in the SDR system on an equitable basis. Participating members can buy and sell SDRs in the voluntary market. If required, the IMF can also designate members to buy SDRs. The SDR mechanism is self-financing and levies charges on allocations which are then used to pay interest on SDR holdings.

Dave   members....

Professor Dinard  Dave At a Glance

2020 Projected Real GDP (% Change) : -12.1

2020 Projected Consumer Prices (% Change): 0.8

Country Population: 40.132 million

Date of Membership: December 27, 1945

Article IV/Country Report: July 26, 2019

Outstanding Purchases and Loans (SDR): 1096.08 million (September 30, 2020)

Special Drawing Rights (SDR): 1.61 million

Quota (SDR): 1663.8 million

Number of Arrangements since membership: 4

Professor Dinard   https://www.imf.org/en/Countries/IRQ

Professor Dinard  

https://www.imf.org/en/Publications/CR/Issues/2019/07/25/Iraq-2019-Article-IV-Consultation-and-Proposal-for-Post-Program-Monitoring-Press-Release-48527

Dave   wonder why one cant trade or purchase globally......

Dave   IQD

Zig   Dave : That Forex comment was not meant for me, right?

Dave   oops

Professor Dinard   Dave why not?

Dave   your the professor.....

Dave   can get iqd on ebay.....

Professor Dinard   Dave I'm more worried about what IMF says its value is rather than forex market

Dave   still ch7 sanctions.......

Dave   xyz rather than dismiss the professor arbitrarily... i did not know then iqd was now globally traded.....WHIPPY......Sorry Dr

Professor Dinard   This perilous pandemic is spreading through Arab countries at a time when some of them are already battered by conflict. Let us make this year, 2020, a year for peace in our region. All regional stakeholders and the global community must declare an immediate humanitarian truce and renew efforts to build lasting peace. The blockade of the Gaza Strip must be lifted, as well as sanctions imposed on some Arab countries, with no restrictions on the material necessary to fight the pandemic and protect livelihoods https://www.unescwa.org/oes-speeches/regional-emergency-response-mitigate-impact-covid-19

Professor Dinard   Dave it's all good I didnt know either I just assumed it was lol

Dave   Professor Dinard ebay does ship iqd globally

Dave   so its global......

Xyz   Dave what r u referencing?

Dave   xyz IQD being a recognized gobally traded currency

Professor Dinard   Dang shoulda bet million dinars lol

Dave   Professor Dinard want to bet?

Dave   give you a hint.......take your dinar and ask to exchange for USD

Dave   dinar to an airport

Dave   or any forex kiosk.....

Professor Dinard   I'll take the bet if you look at this chart https://ourworldindata.org/grapher/covid-tests-cases-deaths-per-million?tab=chart&stackMode=absolute&time=2020-03-14..latest&country=~CAN&region=World

Dave   heard Canada's Covid Dr Speak today...had my dose already

Professor Dinard   Suit yourself

Dave   gotta go to work actuall;y....

Professor Dinard   They're the canada dr's numbers

Dave   said will approach 10k/day by weekend

Dave   BC went from half a dozen in the late summer up to 1k/day

Xyz   NORV when is float starting?

NORV   Long time because Iraq does nothing to create a suitable investment climate.

NORV   There will never be a significant RV of the Iraqi Dinar despite the daily guru BS saying there is. Not possible and not happening. To much dinar in circulation. Not how monetary policy works. Only with the success of Iraq's private sector and growth from investment can the dinar appreciate. Read Iraq's consultations with the IMF to learn the facts.

xyz   NORV why are you so sure? Some gurus called for Trump win and failed. You are a guru too.

xyz   NORV calling float is a bet.

Clydesdale   11-25-2020 Intel Guru Frank26 ...a couple weeks ago the upper echelon management of the banks in Iraq were invited to the CBI. It is my opinion the CBI talked to them about a date and rate. And also when they will be showing the citizens the new small category notes and rate...the last week or two weeks of this month it will go from the senior management level to the floor managers and then to the tellers... So doesn't Walking Stick fall in a high category according to frank's opinion?

xyz   Experts discuss fate of the Iraqi Dinar

At a webinar hosted by the Iraq Britain Business Council (IBBC) yesterday, a team of experts presented and discussed their insights on the Iraqi government's recent White Paper, and on the challenges and opportunities facing the country.

On the subject of the Iraqi currency, Frank Gunter, Professor of Economics at Lehigh University, commented:

"As the international reserves of Iraq decrease ... this is going to put pressure for a depreciation or loss of value of the dinar ... and that might be a good thing.

"The dinar was deliberately appreciated, increased in value, by almost 20 percent. It has made exports from Iraq uncompetitive; it has led to a huge amount of imports into Iraq because the foreign products are so cheap.

"Maybe a possible reaction to the fiscal constraint is to devalue the dinar, so that every dollar of oil sales will buy more dinar, which will allow payment of the salaries and pensions and the infrastructure."

While agreeing that the dinar was overvalued, Hadi Al Damirji, of MIT's Sloan School of Management, urged some caution, in case a devaluation would lead to a further run on the dinar:

"I totally agree with the philosophy of keeping the dinar lower, but when is the right time to move it?"

Suggesting a conrolled devaluation, in combination with incentives to reduce public sector salary commitments, Shwan Aziz, former Chief of staff to the Iraqi Deputy Prime Minister, said:

"[We must] protect those groups that have dinars in the banks, or those contractors who have not been paid for so many years ... [but] controlled devaluation, it seems, is unavoidable." https://www.iraq-businessnews.com/2020/11/26/experts-discuss-fate-of-the-iraqi-dinar/

Video: https://www.youtube.com/watch?v=eVdUNk3wvY0

Zig:  Refferals Will now be the only way we acquire new members...Only registered members who have been "activated" will have access and be able to post...If you would like to refer someone simply ask him/her to register, and make sure you know the username being registered...then simply address me in chat, writing that you have a referral, but please don't post the username...Once I see that someone new has registered I will ask you if that is your referral, then will activate them, etc....If you know someone here and wish to be an active member, I suggest that you contact him/her and ask to be referred...... :coffee: ......All Referrals are thoroughly vetted

Zig   The Chat Room will remain this way....I will no longer unlock it from time to time so anyone may post as a guest, etc....This way works best for me for various reasons...I do hope our current members refer others....if you would like to be a member here and recognize someone here, just contact them for a referral...

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Zig’s Place Chat Room Discussion and News Thursday PM 11-19-20

Zig’s Place Chat Room Discussion and News Thursday PM 11-19-20

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here.

xyz   NORV will be ok if iqd is still floating per your delusional theory

NORV   xyz not dilusional. its how currencies work. people want to blame me for the truth. dont blame me, blame the IMF for there rules

NORV   Funny how all these middle east emerging markets are floating there currencies the last few years..think 4 or 5 are now. Why dont they RV? lol

NORV   Dave if you say he's wrong so many times, people start to believe it. But the truth is, he is not wrong. They will float when the time is right. How do I know? Because the IMF said so..and it's what countries do...float

Zig   Dave : Let it go...you'll never win....LOL

Zig   Hmmmmm.....I see now that Kap is not the problem....you other people start the trouble....lol

NORV   Dave likes to say no float because what he interpreted as an article talking about not floating as fact they will not float when i reality they were saying they could not not float at the time..which is true

NORV   Iraq will not float until the economic conditions are appropriate. which could be 1-3 more years or more.

Zig   NORV : Yeah....I remember the "Not at this time" part.....

NORV   you cannot float until the economy or private sector has significant investment.

Dave     https://www.bing.com/videos/search?q=how+to+say+no+in+40+languages&docid=607987852780897838&mid=CA2EC2F49C1082093679CA2EC2F49C1082093679&view=detail&FORM=VIRE

NORV    floating now would be disaster

Zig   NORV : Why?

Dave   as per CBI...translational difficultier for kap

NORV   Zig because with no pressure on the financial system the currency would devalue

Zig   Hmmmmmm

NORV   float is not a random act

Zig   Dave : That article did say NOT AT THIS TIME....I remember it.....

NORV   its done as a tool to counter pressures created on the financial system (inflation)

NORV    until you have pressure, its a waste of time

Dave   No Rv while under Ch 7

NORV   that is why they need laws, need foreign investors etc.

Dave   NORV aGREE!

NORV   UN chapter 7 has nothing to do with monetary policy

NORV   and there is no RV

Dave   NORV HA

Zig   NORV : So what's taking so %$#@ long to get foreign investors?????LOL

NORV   Zig because the iraqis are idiots   and crooks

Zig   LOL

NORV   and dont want progress

Dave   what sanctioned ch7 nation has a globally traded currency

Dave   what wouldf be the purp[ose

NORV   Zig you need to understand how Iraqi think. progress means international, which means more people can see what they are doing. many iraqi, tribes dont want that they want status quo and continue to steal

Dave   Norv ...you Iraqi?

Dave   which Cp7 country has a globally traded currency

NORV   the iraqi goverment is very corrupt. bribes are common and I know many that went to Iraq have confirmed..iraq's want $20,000 for this or $10,000 for that. until that ends and laws are in place for foreign investors, nothing is happening. no float, no nothing

Dave   no foreign investor laws passed yet?

Zig   NORV : I thought they were close to implementing those investment laws.....

NORV   Zig they have been putting off laws for several years. all they do is talk

NORV   there are lists out with at least 10 significant laws that need to be passed BEFORE anyone is coming to help

Zig   Frustrating

Dave   NORV yep no changes in 10 or more yrs

NORV   Zig It is for sure. how would you like to be the IMF or WB who have had SBA's with them in exchange for loans and Iraq still finds a way to not do it!

Dave   NORV PIP PIP fer you

NORV   Let me show you something...

Dave   NORV Sanctioned country with a glaobally traded currency

NORV   Here is what the World Bank said to Iraq and Maliki in december 2012 after he kicked Shabibi out.

NORV   Read it carefully!

Dave   Shabibi WHO??????

Zig   LOL

NORV   There has been a major change in CBI management with the appointment of a new Governor. On October 14, 2012 an Iraqi judiciary issued an arrest warrant against the Governor of CBI, Dr. Sinan Al-Shabibi. Consequently, the Iraqi government appointed Dr. Abdul-Baset Turki, the Head of BSA, as an Acting Governor of CBI, after the court ruling ordered the removal of Dr. Shabibi from his post.

The World Bank has received an official letter dated October 21, 2012, notifying management of such a change, since the CBI is the implementing entity of this project.

NORV   Dr. Shabibi, who is currently out of the country, and more than a dozen other officials at the institution are being investigated for misleading monetary policies, as well as alleged improprieties involving capital requirements for local banks and foreign-currency auctions overseen by the central bank. 

It is worth noting that the replacement of the Governor of CBI by the Head of BSA, could affect project implementation, and possible delays with the change in management. Following this decision, the team has met the Iraqi authorities, to ensure irreversibility of the reform program, and smooth implementation of the project.

Dave   yeah delete 3 zeros

NORV   Here is my point....

NORV   Following this decision, the team has met the Iraqi authorities, to ensure irreversibility of the reform program, and smooth implementation of the project.

Dave   increase purchasing power of the iqd

Dave   wheel barrows i know

Dave   been there done that with kap....getting old

Dave   really really old...10yrs or older

Dave   1000 fils fer thast coke

Dave   pip not inflationary

Dave   lots of copper coins fer that coke.......

Zig   @NORV lost his connection: he wanted to post this which he emailed to me: "The IMF and the World Bank were telling Maliki that even though he kicked should be be out of the country he wasn't going to stop reforms but yet it's been 8 years and we see no reforms so yes he was able to stop reforms but you can tell the frustration."

Zig   meant kicked Shabibi out....

Dave   Zig lost connection.......hehe

Firefarmer   Did anyone see the report of a new rate for the Dinar

sheila   Firefarmer Is there a report and new rate?

Firefarmer   Ya I did not se one either   Just hopin

Zig:  Refferals Will now be the only way we acquire new members...Only registered members who have been "activated" will have access and be able to post...If you would like to refer someone simply ask him/her to register, and make sure you know the username being registered...then simply address me in chat, writing that you have a referral, but please don't post the username...Once I see that someone new has registered I will ask you if that is your referral, then will activate them, etc....If you know someone here and wish to be an active member, I suggest that you contact him/her and ask to be referred...... :coffee: ......All Referrals are thoroughly vetted

Zig   The Chat Room will remain this way....I will no longer unlock it from time to time so anyone may post as a guest, etc....This way works best for me for various reasons...I do hope our current members refer others....if you would like to be a member here and recognize someone here, just contact them for a referral...

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Zig’s Place Chat Room Discussion and News Wednesday Late PM 11-18-20

Zig’s Place Chat Room Discussion and News Wednesday Late PM 11-18-20

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here.Xyz   Kurdistan sends a new delegation to Baghdad

Xyz   Talabani: We are ready to conclude a comprehensive agreement with Baghdad

by EditorIraq news   Vice President of the Kurdistan Regional Government, Qubad Talabani, expressed the regional government's readiness to conclude a comprehensive agreement with Baghdad.

Talabani confirmed in a statement that the Kurdistan government puts the solution of differences between the governments of Baghdad and Erbil as a priority in its work program, and has expressed its readiness to conclude a comprehensive agreement with Baghdad on managing the oil file, and accepted joint management, coordination and cooperation at border crossings, in addition to its readiness to conduct discussions on auditing revenues The past six years, pointing at the same time that there is no excuse according to that to continue to stop the salaries of the region’s employees by Baghdad.   LINK

xyz   Al-Kazemi: The Government Is Unable To Secure Salaries Before Passing The 2021 Budget

Al-Mustaqilla / - Prime Minister Mustafa Al-Kazemi hinted that Iraq will not be able to secure the salaries of state employees in the coming year, and this is subject to approval of passing the 2021 budget.

Al-Kazemi said that the government is unable to secure the salaries of employees in the next year in the event that the parliament does not pass the budget law, and indicated that the budget law for 2021 will be presented to the parliament within a maximum period of one month.

In addition, the decision of the Finance Committee expected that the percentage of deficit in the 2021 budget would reach more than 50 percent, warning of serious challenges if clear plans were not prepared to overcome the crisis.

The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, said in a press interview that the government had promised to send the 2021 budget within a week or the next ten days, but he expected a high deficit rate of no less than fifty percent. LINK

Zig   Thanks @Z Of course the Gurus will be saying that a new IQD rate is in the budget....

Zig   Good news about Kurdistan but we have heard that before....

Spectra   We are all born ignorant , but one must work hard to remain stupid.. 'Benjamin Franklin'

Zig Hi @Kap   @NORV is @Kaperoni  

NORV   how's that RV coming? 

Zig   LOL

EYEGUY   you tell us

NORV   EYEGUY It's fake. There is no RV

Zig   GO FLOAT!!

EYEGUY   as long as it floats up and quick

NORV   Zig Lots of work before that happens

Sparky   EYEGUY ...or, up and slow...

NORV   EYEGUY We can hope

EYEGUY   how about just international at any decent rate

Sparky   ...I have time...

EYEGUY   like .50

EYEGUY   to start

NORV   If they move from peg to float it will be at whatever the rate is at the time.

EYEGUY   just do it

NORV   That is how floats work

NORV   EYEGUY Not happening for a while

Sparky   EYEGUY ... @.05 I'll sell half...

NORV   2-3 years I suppect

EYEGUY   oh well nothing new

Zig   10 cents and I am gone....lol

NORV   might see it by 2025 lol

EYEGUY   I guess I leave it to my grandkids

NORV   Iraq need to create conditions for there economy to succeed

NORV   They are a long ways from that right now

EYEGUY   was fun ......is the longest lasting lottery ticket

NORV   Even the White Paper predicts 3 years to impliment

Sparky   EYEGUY ... YUP ...

EYEGUY   Covid ,Oil prices, among other things

Zig   Every year the Gurus say the new rate will be in the budget......

NORV   Well i gotta go

NORV   see ya

Zig   This was a very civil visit by @Kap Miracles can happen!!.....lol

EYEGUY   Zig who is Kap

Zig   Kaperoni

EYEGUY   is that a type of pasta

Zig   Everyone who has been in this a while knows @Kaperoni

Zig   I just highly doubt that it will jump to a ridiculous amount overnight..........

Zig   Too much Dinar out there....

Sparky  Zig ...maybe not rediculous...but maybe a staged rate around a nickle...

Sparky   ...or, a penny...as long as they start the process , I will be enthused...

Zig   Me too

Sparky   Zig ...funny thing about central banks...they control the $...

Zig   Seriously.....5 cents and I am gone.....lol

Sparky   Zig ...better to day trade the forex...

Sparky   Zig ...if you want to have some fun...get a beginner account with 100 times leverage...with a 4x trading co...

Sparky   Zig ...make or break...

Sparky    ...if you follow the news...like T donators...you'll know which way to trade...

Sparky   ...I just saved you a $250,000 membership to Mer-a Lago...

Zig   Sparky : You trade it?

Zig   From now on @Kaperoni will only use the name @NORV here.....

Sparky   ...have tried a couple times...still learning how not to lose my investment...

Zig   LOL....and you recommend it to me???

Sparky   Zig ...absolutely ! If you have time, and discipline...you will recognize the algorhyms...

Zig   Nah....let me know when you profit....lol

Sparky   ...$ 300 per day in 15 minutes time, is not unusual...

Sparky   Zig ...a crumble from the table ?

Sparky   Zig ..."you do you" ...as WokeAF used to say...

Zig:  Refferals Will now be the only way we acquire new members...Only registered members who have been "activated" will have access and be able to post...If you would like to refer someone simply ask him/her to register, and make sure you know the username being registered...then simply address me in chat, writing that you have a referral, but please don't post the username...Once I see that someone new has registered I will ask you if that is your referral, then will activate them, etc....If you know someone here and wish to be an active member, I suggest that you contact him/her and ask to be referred...... :coffee: ......All Referrals are thoroughly vetted

Zig   The Chat Room will remain this way....I will no longer unlock it from time to time so anyone may post as a guest, etc....This way works best for me for various reasons...I do hope our current members refer others....if you would like to be a member here and recognize someone here, just contact them for a referral...

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE   You can make the box much bigger by clicking this link  ZIGPLACE - Cbox